Question

An employee deposits certain amount at the rate of 8% per annum and a certain amount at the rate of 6% per annum at simple interest.He earns 500 rupees as annual interest.If he interchanges the amount at the same rates, he will earn 50 rupees more.Find the amounts deposited by him at different rates

Answer 1

Answer:

x=2500. Hence, an employee deposits Rs. 2500 at the rate of8%per annum and Rs. 5000 at the rate of6%per annum at simple interest.

correct answer

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