Ram deposited 12000 in a bank at 10% per annum and remaining Amount deposited in the other bank at 20% per annum if he received interest accordingly 14% per enough I find the RAM total investment
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Given Ram deposited 12000 in a bank at 10% per annum and remaining Amount deposited in the other bank at 20% per annum if he received interest accordingly 14% per annum find the total amount invested by Ram
- Let the amount be a
- We know that S.I = P x R x T / 100
- So 12,000 x 10 x 1 / 100 + a x 20 x 1 / 100 = (12,000 + a) x 14 x 1 / 100
- 1200 + a/5 = 168000 + 14 a / 100
- 600000 + 100 a = 840000 + 70 a
- 30 a = 240000
- Or a = 8000
- Therefore total investment will be 12000 + 8000 = Rs 20,000
Reference link will be
https://brainly.in/question/15565797
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