Question

Atul has Rs.550 with him. He invested 40% of the amount

Q: Answer-Atul has Rs.550 with him. He invested 40% of the amount at 5% p.a. for 6 years and rest at 20% p.a....

SI received from 40 of the sum 0.4 x 550 x 5 x 6100 Rs.66 SI received from 60 of the sum 0.6 x 550 x 20 x 5100 Rs.330 Therefore, total SI received Rs.66 330 Rs.396

at 5% p.a. for 6 years and rest at 20% p.a. for 5 years. Find the sum of simple interests received by Atul from the two investments.

A Rs.306

B Rs.325

C Rs.396

D Rs.297

E None of these

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Atul has Rs.550 with him. He invested 40% of the amount

Solution