Question

A person deposits Rs x in saving bank account at the rate of 5% p.a. and Rs y in fixed deposit at 10% p.a. At the end of first year he gets Rs 400 as total interest. He deposits Rs'y'in saving
bank account and Rs'x'in fixed deposit he would get Rs 350 as total interest. Find the total
amount he deposited.

Answer 1

Total amount Deposited = Rs 5000

Step-by-step explanation:

x * 5 *  1/100  + y * 10 * 1/100 = 400

=> 5x + 10y = 40000

=> x + 2y = 8000

y * 5 *  1/100  + 5 * 10 * 1/100 = 350

=> 10x + 5y = 35000

=> 2x + y = 7000

4x + 2y = 14000

x + 2y = 8000

=> 3x = 6000

=> x = 2000

=> y = 3000

2000 + 3000 = 5000

Total amount Deposited = Rs 5000

Learn more:

find the simple interest when rate is 5% half yearly for 2.5 years ...

https://brainly.in/question/8681090

find the difference between compound interest and simple interest ...

https://brainly.in/question/8123584