📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Anuj invested Rs. ‘x’ at simple interest of 15% p.a.

      and Anil invested Rs. (x + 500) at simple interest of 10% p.a. If at the end of 2 nd  year, sum of interest received by Anuj and Anil was Rs. 1350 then find the value of ‘x’.
      A 2000 Correct Answer Incorrect Answer
      B 2100 Correct Answer Incorrect Answer
      C 2500 Correct Answer Incorrect Answer
      D 2700 Correct Answer Incorrect Answer

      Solution

      According to the question,
      (x × 0.15 × 2) + {(x + 500) × 0.1 × 2} = 1350
      Or, 0.3x + 0.2x + 100 = 1350
      Or, 0.5x = 1250
      Or, x = 1250/0.5 = 2500
      Or, x = 2500

      Practice Next
      More Simple and compound interest Questions

      Relevant for Exams:

      ask-question