ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Akshay invested Rs. 2100 in two schemes P and Q in the

    respective ratio of 9:5. 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.
    A Rs. 120 Correct Answer Incorrect Answer
    B Rs. 168 Correct Answer Incorrect Answer
    C Rs. 252 Correct Answer Incorrect Answer
    D Rs. 216 Correct Answer Incorrect Answer

    Solution

    Amount invested in scheme P = (9/14) ├Ч 2100 = Rs. 1350 Interest earned from scheme P = 1350 ├Ч 8% ├Ч 2 = Rs. 216

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question