Question
Nikhil invested a total of ₹7000 in two different schemes
offering simple interest. Scheme A offers an interest rate of 10% per annum, while Scheme B offers 14% per annum. He invested in Scheme A for 3 years and in Scheme B for 2 years. The total interest earned from both schemes together amounts to ₹2040. Find the difference between the amounts invested in Scheme A and Scheme B.Solution
Total money invested in two schemes = Rs.7000
Let, money invested in scheme A =Rs. X
Money invested in Scheme B = Rs. (7000-X)
According to the condition
(X*10*3) / 100 + [(7000-X) *14*2]/100 = 2040
30X + (7000-X) *28 = 204000
2X + 196000 = 204000
2X = 8000
X = Rs.4000
money invested in scheme A =Rs.4000
Money invested in Scheme B = Rs. (7000-X) = Rs. (7000-4000) = Rs.3000
Difference between the amount he invested in scheme A and Scheme B = 4000-3000 = Rs.1000
In which year did Raja Ram Mohan Roy start the publication 'Mirat-ul-Akhbar'?
According to Mahatma Gandhi's 'Hind Swaraj' (1909), British rule in India was established _____.
Who initiated the first school for Muslim girls in British India?
A great reformer of the 19th century India, he fought for the conditions of women and the lower castes and was himself subjected to child marriage. He ...
Which of the following rulers of the Gupta Empire is described as 'Maharajadhiraja'?
Who was the Viceroy of India when the Indian Factory Act of 1891 was passed?
What is the name of the oil painting by Amrita Sher-Gil, created in 1937, depicting village women engaged in daily activities?
Consider the following statement regarding the rise and growth of the trade union movement in India.
1. Outbreak of World War I and impact of ...
Who was the Peshwa that signed the Treaty of Bassein with the British East India Company?
With reference to the CWC meeting at Wardha (1939), consider the following statements:
1. Gandhi advocated unconditional support to the allied po...
