New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    A man invested Rs. 't' in scheme 'I' offering simple

    interest at 11% for 7 years and Rs. 2,700 in scheme 'J' offering simple interest at 13% for 6 years. If the total interest earned from both schemes is (t + 2,000), then find the total interest earned from scheme 'I'.
    A Rs.106 Correct Answer Incorrect Answer
    B Rs.123 Correct Answer Incorrect Answer
    C Rs.118 Correct Answer Incorrect Answer
    D Rs.112 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Simple interest = Sum X rate of interest X time period in years ÷ 100 Interest earned from scheme 'I' = t X 11 X 7 ÷ 100 = Rs. '0.77t' And interest earned from scheme 'J' = 2700 X 13 X 6 ÷ 100 = Rs. 2,106 Or, 0.77t + 2106 = t + 2000 Or, 0.77t = 106 Interest earned from scheme 'I' = 0.77t = Rs. 106

    Practice Next

    Relevant for Exams: