Ashok invested a total sum of rs 16000 in two different schemes a and b ofgerinf intrest at 10 and 20% per annum respectively. if the total interest tecieved from both schemes in 2 year is 4280 then find the sum invested in schene b
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sorry I have written it so fast that's why it's not so good
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Answer:
Rs.5400
Step-by-step explanation:
Let the amount invested in scheme a be x
So, the amount invested in scheme b = 16000 -x
Case 1)
Principal = x
R= 10%
time = 2 years
Case 2)
Principal = 16000 -x
R=20%
time = 2 years
Since we are given that the total interest received from both schemes in 2 year is 4280
So,
So, the amount invested in scheme a is Rs.10600
So, the amount invested in scheme b is Rs.16000 - Rs.10600 =Rs.5400
Hence the sum invested in scheme b is Rs.5400
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