Q56
Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5 : 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was Rs. 20000, what was the total amount received on maturity from both the schemes?
A.
Rs. 50800
B.
Rs. 51200
C.
Rs. 52800
AnswerD.
Rs. 58200
Answer: Option C
Solution
Answer: Option C
Solution:
Let the amounts invested in schemes A and B be Rs. 5x and 4x respectively.then,
5x = 20000
⇒ x = 4000
∴ Amount invested in scheme B = Rs. 16000
Total interest received on maturity