New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    Atul has Rs.250 with him. He invested 30% of the amount at 4% 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
    E None of these Correct Answer Incorrect Answer

    Solution

    SI received from 30% of the sum = (0.3 ×  250 ×  4 ×  6)/100 = Rs.18 SI received from 70% of the sum = (0.7 ×  250 ×  20 ×  5)/100 = Rs.175 Therefore, total SI received = Rs.(18 + 175) = Rs.193

    Practice Next