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    Question

    Aman 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 10% for 6 years and the other part at the same rate for 48 months. The difference in the interest earned from these two investments is Rs. 240. Determine the amount invested in each part.
    A Rs.1,000 Correct Answer Incorrect Answer
    B Rs.2,280 Correct Answer Incorrect Answer
    C Rs.1,200 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; Image So, required amount = Rs. 1,200

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