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    Question

    A person invested a total of Rs.

    50,000 in two different schemes. One scheme offers simple interest of 8% p.a., and the other scheme offers 12% p.a. If the total interest earned from both schemes at the end of 3 years is Rs. 13,800, how much was invested in the scheme offering 8% p.a.?
    A Rs.25,000 Correct Answer Incorrect Answer
    B Rs.45,000 Correct Answer Incorrect Answer
    C Rs.35,000 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the amount invested in the scheme offering 8% p.a. be Rs. x. So, amount invested in the scheme offering 12% p.a. = Rs. 50000 − x. ATQ,

    Thus, the amount invested in the scheme offering 8% p.a. is Rs. 35,000.

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