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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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