Question
Raghav has made financial investments in two different
Gold Schemes. In Gold Scheme P, he invested a certain amount denoted by 'a' for 2 years with an annual interest rate of 15%. In Gold Scheme Q, he invested 'a + 200' rupees for 3 years at an annual interest rate of 12%. The interest earned from both Schemes combined amounts to Rs. 2052. Can you find the value of 'a'?Solution
ATQ, a × 2 × 15% + (a + 200) × 12% × 3 = 2052 0.30a + 0.36a + 72 = 2052 0.66a = 2052 – 72 0.66a = 1980 a = 3000
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