📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Karan invested a certain amount of money, splitting it

    into two equal parts. He placed one part in a simple interest scheme at an annual rate of 15% for 5 years and the other part at the same rate for 42 months. The difference in the interest earned from these two investments is Rs. 288. Determine the amount invested in each part.
    A Rs.1,200 Correct Answer Incorrect Answer
    B Rs.2,280 Correct Answer Incorrect Answer
    C Rs.1,280 Correct Answer Incorrect Answer
    D Rs.1,880 Correct Answer Incorrect Answer

    Solution

    ATQ; Let the money invested in each part be Rs. ‘P’ ATQ; {(P × 15 × 5)/100} – {(P × 15 × 42)/(100 × 12)} = 288 Or, {(75P – 52.5P)/100} = 288 Or, 22.5P = 28800 So, P = 1280 So, required amount = Rs.1,280

    Practice Next
    More Simple and compound interest Questions
    ask-question