Question

Suresh deposited Rs. 25,000 in scheme ‘A’ which offers simple interest of 8% p.a., for 4 years and Rs. 5,000 in scheme ‘B’ which offers simple interest of 12% p.a., for 3 years. Find total amount received from both schemes together.

A Rs. 39,800 Correct Answer Incorrect Answer
B Rs. 9,800 Correct Answer Incorrect Answer
C Rs. 30,000 Correct Answer Incorrect Answer
D Rs. 40,000 Correct Answer Incorrect Answer

Solution

Total interest received from scheme ‘A’ and ‘B’
= {(25000 × 8 × 4)/100} + {(5000 × 12 × 3)/100}
= (8000 + 1800)
= Rs. 9,800 So, total amount received from scheme ‘A’ and ‘B’
= (25000 + 5000 + 9800)
= Rs. 39,800

Practice Next
More Simple and compound interest Questions
ask-question