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      Question

      Priya deposited Rs. 16,000 in scheme ‘A’ which

      offers simple interest of 11% p.a., for 5 years and Rs. 9,000 in scheme ‘B’ which offers simple interest of 10% p.a., for 4 years. Find total amount received from both schemes together.
      A Rs. 37,400 Correct Answer Incorrect Answer
      B Rs. 12,400 Correct Answer Incorrect Answer
      C Rs. 25,000 Correct Answer Incorrect Answer
      D Rs. 41,400 Correct Answer Incorrect Answer

      Solution

      Total interest received from scheme ‘A’ and ‘B’
      = {(16000 × 11 × 5)/100} + {(9000 × 10 × 4)/100}
      = (8800 + 3600)
      = Rs. 12,400 So, total amount received from scheme ‘A’ and ‘B’
      = (16000 + 9000 + 12400)
      = Rs. 37,400

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