Question
A person invested Rs. 30,000 in two schemes. One scheme
gives a simple interest of 7% p.a., while the other scheme gives 11% p.a. If the total interest earned from both schemes at the end of 4 years is Rs. 9,600, how much did he invest in the scheme offering 7% interest?Solution
ATQ,
Let the amount invested in the scheme offering 7% interest be Rs. x.
Therefore, the amount invested in the scheme offering 11% interest = Rs. (30000 - x).
ATQ:
Why is emotional intelligence important in personal and professional life?
What does selflessness entail in the context of service?
What is the role of financial management in an organization?
Why is effective delegation important for a manager?
What is the purpose of stores management?
How does emotional intelligence impact decision-making in public services?
In the context of civil service, what does impartiality for civil servants entail?
In public services, what ethical concern is associated with "whistleblowing"?
How does emotional intelligence (EQ) differ from intelligence quotient (IQ)?
How can effective networking contribute to career growth?
