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      Question

      Amit invested Rs. 8,500 for 5 years in a scheme offering

      simple interest at 10% per annum. He distributed the total amount received by him from the scheme among his three cousins ‘X’, ‘Y’ and ‘Z’ in the ratio 2:5:3 respectively. Find the amount received by ‘Y’.
      A Rs.5375 Correct Answer Incorrect Answer
      B Rs.6320 Correct Answer Incorrect Answer
      C Rs.7375 Correct Answer Incorrect Answer
      D Rs.6375 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Amount received by Amit from the scheme = 8500 + (8500 × 10 × 5 ÷ 100) = 8500 × {1 + (50/100)} = 8500 × (150/100) = 85 × 150 = Rs. 12,750 Amount received by ‘Y’ = 12750 × (5/10) = Rs. 6,375

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