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      Question

      Neha deposited Rs. 20,000 in scheme β€˜A’ which

      offers simple interest of 9% p.a., for 5 years and Rs. 12,000 in scheme β€˜B’ which offers simple interest of 10% p.a., for 2 years. Find total amount received from both schemes together.
      A Rs. 43,400 Correct Answer Incorrect Answer
      B Rs. 11,400 Correct Answer Incorrect Answer
      C Rs. 32,000 Correct Answer Incorrect Answer
      D Rs. 45,000 Correct Answer Incorrect Answer

      Solution

      Total interest received from scheme β€˜A’ and β€˜B’
      = {(20000 Γ— 9 Γ— 5)/100} + {(12000 Γ— 10 Γ— 2)/100}
      = (9000 + 2400)
      = Rs. 11,400 So, total amount received from scheme β€˜A’ and β€˜B’
      = (20000 + 12000 + 11400)
      = Rs. 43,400

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