Question

A person invested some amount at the rate of 12% simple interest and some other amount at the rate of 10% simple interest. He received yearly interest of Rs. 1300. But if he had interchanged the amounts invested, he would have received Rs 40 more as interest. How much amount did he invest at different rates

Answer 1

Step-by-step explanation:

Rs y at the rate of 10 percent simple interest. √ Invested amounts interchanged, then yearly interest increases. Hence, the person invested Rs 500 at the rate 12 percent per year.