Question
A man invested Rs. 35,000 in two schemes. One scheme offers
simple interest of 6% p.a., while the other scheme offers simple interest of 10% p.a. If the total interest earned from both schemes together at the end of four years is Rs. 9,240, how much did he invest in the scheme offering 6% p.a. interest?Solution
ATQ,
Let the amount invested in the scheme offering 6% interest be Rs. x.
Therefore, the amount invested in the scheme offering 10% interest = Rs. (35000 - x).
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