Simple Interest-Data Intensity 1 Questions and Answers Discussion Page.

2.	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
	B.	Rs. 6500
	C.	Rs. 7200
	D.	Rs. 7500

Answer: Option A

Explanation:

Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 - x).

Then,		x x 14 x 2		+		(13900 - x) x 11 x 2		= 3508
		100				100

28x - 22x = 350800 - (13900 x 22)

6x = 45000

x = 7500.

So, sum invested in Scheme B = Rs. (13900 - 7500) = Rs. 6400.

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Published by:Michael Daani

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