Question
Atul has Rs.350 with him. He invested 20% of the amount
at 5% p.a. for 8 years and rest at 10% p.a. for 5 years. Find the sum of simple interests received by Atul from the two investments.Solution
SI received from 20% of the sum = (0.2 x 350 x 5 x 8)/100 = Rs.28 SI received from 80% of the sum = (0.8 x 350 x 10 x 5)/100 = Rs.140 Therefore, total SI received = Rs.(28 + 140) = Rs.168
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