New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Atul has Rs.200 with him. He invested 40% of the amount

    at 5% p.a. for 6 years and rest at 20% p.a. for 5 years. Find the sum of simple interests received by Atul from the two investments.
    A Rs.176 Correct Answer Incorrect Answer
    B Rs.144 Correct Answer Incorrect Answer
    C Rs.193 Correct Answer Incorrect Answer
    D Rs.150 Correct Answer Incorrect Answer

    Solution

    SI received from 40% of the sum = (0.4 x 200 x 5 x 6)/100 = Rs.24 SI received from 60% of the sum = (0.6 x 200 x 20 x 5)/100 = Rs.120 Therefore, total SI received = Rs.(24 + 120) = Rs.144

    Practice Next