Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in
Q1. Mr. Tassawar Javed invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in
Answer: Rs. 6400
Explanation: Let x be invested in scheme A; 0.28x + 0.22(13900−x) = 3508 gives x = Rs. 7500 in scheme A, meaning Rs. 6400 was invested in scheme B.