Ishita invested Rs. 1,20,000 a part of it at 10% per annum and the remaining at 12% simple interest.
Answers
Answer:
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Step-by-step explanation:
As you know, SI = P x Y x R/100
Where, P= principal amount ie 120000
Y= year of investment ie 1 year R= interest rate(10% and 12%)
Let X be the (P) for 10% case and Y be the (P) for 12% case
So, we can say that
X x 10% x 1/100 + Y x 12% x 1/100 = 12800
10X + 12Y = 1280000
Given, X + Y = 120000
By eliminating both the above equations
X = ₹80000
Y = 40000