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.
ARs. 120Correct AnswerIncorrect Answer
BRs. 168Correct AnswerIncorrect Answer
CRs. 252Correct AnswerIncorrect Answer
DRs. 216Correct AnswerIncorrect Answer
ERs. 192Correct AnswerIncorrect Answer
Solution
Amount invested in scheme P = (8/13) × 1950 = Rs. 1200 Interest earned from scheme P = 1200 × 8% × 2 = Rs. 192
