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?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).
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