Question

Ravi invests Rs. 'p' in Scheme 'X' and Rs. (p + 3,000) in Scheme 'Y'. Scheme X gives simple interest at 10% per annum for 24 months, while Scheme Y offers 12% per annum for 18 months. If the combined interest from both schemes is Rs. 5,400, then what is the value of '3p'?

Q: Answer-Ravi invests Rs. 'p' in Scheme 'X' and Rs. (p + 3,000) in Scheme 'Y'. Scheme X gives simple interest...

Simple interest Principal Rate Time 1,200 time in months ATQ, p10241,200p3,00012181,200 5,400 Or,p210p3,000310 5,400 Or,p53p10900 5,400 Or,2p3p10 4,500 Or,5p10 4,500 p 9,000 Therefore, required value 3 9,000 Rs. 27,000

A Rs.35200

B Rs.27000

C Rs.65200

D Rs.12020

E None of these

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Ravi invests Rs. 'p' in Scheme 'X' and Rs. (p + 3,000) in Scheme 'Y'. Scheme X gives simple interest at 10% per annum for 24 months, while Scheme Y offers 12% per annum for 18 months. If the combined interest from both schemes is Rs. 5,400, then what is the value of '3p'?

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