Question
Akshay invested Rs. 1950 in two schemes P and Q in the
respective ratio of 8:5. Scheme P and Q are offering simple interest at the rate of 8% per annum and 10% per annum, respectively. Find the interest obtained after 2 years from scheme P.Solution
Amount invested in scheme P = (8/13) Ă— 1950 = Rs. 1200 Interest earned from scheme P = 1200 Ă— 8% Ă— 2 = Rs. 192
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