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      Question

      Amit deposited Rs. 18,000 in scheme ‘A’ which offers

      simple interest of 10% p.a., for 3 years and Rs. 7,000 in scheme ‘B’ which offers simple interest of 12% p.a., for 5 years. Find total amount received from both schemes together.
      A Rs. 34,600 Correct Answer Incorrect Answer
      B Rs. 9,600 Correct Answer Incorrect Answer
      C Rs. 25,000 Correct Answer Incorrect Answer
      D Rs. 37,600 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Total interest received from scheme ‘A’ and ‘B’
      = {(18000 × 10 × 3)/100} + {(7000 × 12 × 5)/100}
      = (5400 + 4200)
      = Rs. 9,600 So, total amount received from scheme ‘A’ and ‘B’
      = (18000 + 7000 + 9600)
      = Rs. 34,600

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