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 investe…

Question

Accepted Answer

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

❩

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?

Discussion & Comments

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