Q34
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A.
Rs. 6400
AnswerB.
Rs. 6500
C.
Rs. 7200
D.
Rs. 7500
E.
None of these
Answer: Option A
Solution
Answer: Option A
Solution:
Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 - x)Then,
⇒ 28x - 22x = 350800 - (13900 x 22)
⇒ 6x = 45000
⇒ x = 7500
So, sum invested in Scheme B
= Rs. (13900 - 7500)
= Rs. 6400