📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A person invested Rs. 45,000 in two different schemes

    together. One scheme offers a simple interest of 9% p.a., while the other scheme offers a simple interest of 13% p.a. If the total interest earned from both schemes together at the end of three years is Rs. 14,850, how much did he invest in the scheme offering 9% p.a. interest?
    A 26800 Correct Answer Incorrect Answer
    B 27500 Correct Answer Incorrect Answer
    C 24000 Correct Answer Incorrect Answer
    D 22500 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the amount invested in the scheme offering 9% interest be Rs. x.

    Therefore, the amount invested in the scheme offering 13% interest = Rs. (45000 - x).

    ATQ:


    Image





    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question