Question
A woman invested Rs. 50,000 in two different schemes
together. One of the schemes offers simple interest of 8% p.a., while the other scheme offers simple interest of 12% p.a. If the total interest earned from both schemes together at the end of three years is Rs. 13,200, how much did she invest in the scheme offering 8% p.a. interest?Solution
ATQ,
Let the amount invested in the scheme offering 8% interest be Rs. x.
Therefore, the amount invested in the scheme offering 12% interest = Rs. (50000 - x).
ATQ:
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