Question
Rohan deposited Rs. 15,000 in scheme ‘A’ which
offers simple interest of 12% p.a., for 4 years and Rs. 10,000 in scheme ‘B’ which offers simple interest of 10% p.a., for 3 years. Find total amount received from both schemes together.Solution
Total interest received from scheme ‘A’ and ‘B’
= {(15000 × 12 × 4)/100} + {(10000 × 10 × 3)/100}
= (7200 + 3000)
= Rs. 10,200 So, total amount received from scheme ‘A’ and ‘B’
= (15000 + 10000 + 10200)
= Rs. 35,200
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