πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Raghav has made financial investments in two different

    Gold Schemes. In Gold Scheme P, he invested a certain amount denoted by 'a' for 2 years with an annual interest rate of 15%. In Gold Scheme Q, he invested 'a + 200' rupees for 3 years at an annual interest rate of 12%. The interest earned from both Schemes combined amounts to Rs. 2052. Can you find the value of 'a'?
    A 2700 Correct Answer Incorrect Answer
    B 3500 Correct Answer Incorrect Answer
    C 3000 Correct Answer Incorrect Answer
    D 2500 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, a Γ— 2 Γ— 15% + (a + 200) Γ— 12% Γ— 3 = 2052 0.30a + 0.36a + 72 = 2052 0.66a = 2052 – 72 0.66a = 1980 a = 3000

    Practice Next
    ask-question