Question
Vikram had Rs. 9500 with him. He invested 35% of the sum
at 11% p.a. and the rest at 16% p.a., both at simple interest for 4 years each. Find the total interest received by Vikram.Solution
ATQ, Interest received by Vikram at 35% of the sum = (0.35×9500×11×4)/100=Rs.1463 Interest received by Vikram on 65% of the sum = (0.65×9500×16×4)/100=Rs.3904 Therefore, total interest received = 1463 + 3904 = Rs.5367
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