Question

A sum of Rs 50,000 is partly invested in  Scheme A  at 8% simple interest per annum and the remaining in  Scheme B  at 12% simple interest per annum. The total  simple interest  received from both schemes together after 2 years is Rs 10,400. How much amount was invested in  Scheme B ?

A Rs 50,500
B Rs 30,000
C Rs 40,000
D Rs 30,800
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query