Question
A businessman invested Rs. 60,000 in two schemes. One
scheme offers 9% p.a., and the other offers 14% p.a. If the total interest earned from both schemes at the end of five years is Rs. 22,500, how much was invested in the scheme offering 9% p.a. interest?Solution
ATQ,
Let the amount invested in the scheme offering 9% interest be Rs. x.
Therefore, the amount invested in the scheme offering 14% interest = Rs. (60000 - x).
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