Mr thomas invested an amount of rupees 13900 divided into different scheme b and b at a simple interest rate of 14 % per annum and 11 % per annum respectively if the total amount of simple interest earned in 2 years b u n i n j puja matter what was the amount invested in scheme b
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Answer:
Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 - x)
Then,
x×14×2100+
(13900−x)×11×2100
=3508
⇒ 28x - 22x = 350800 - (13900 x 22)
⇒ 6x = 45000
⇒ x = 7500
So, sum invested in Scheme B
= Rs. (13900 - 7500)
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