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    Question

    Arjun 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 18% for 5 years and the other part at the same rate for 24 months. The difference in the interest earned from these two investments is Rs. 324. Determine the amount invested in each part.
    A Rs.500 Correct Answer Incorrect Answer
    B Rs.800 Correct Answer Incorrect Answer
    C Rs.700 Correct Answer Incorrect Answer
    D Rs.600 Correct Answer Incorrect Answer

    Solution

    ATQ,Let the money invested in each part be Rs. ‘P’ATQ, Image So, required amount = Rs. 600

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