Question
'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest rate of 8% per annum, the second portion in State Bank at a simple interest rate of 12% per annum, and the remaining portion in PNB Bank at a compound interest rate of 10% per annum, compounded annually. After 2 years, the interests earned from Axis, State, and PNB banks are in the ratio 16:16:35. Determine the amount invested by 'P' in PNB Bank.
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