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    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?
    A 29750 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 6% interest be Rs. x.

    Therefore, the amount invested in the scheme offering 10% interest = Rs. (35000 - x).

    ATQ:

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