Satish deposited a total sum of Rs. 5,000 in two banks One of them pays 8% interest and the other. 10% interest. At the end of one year he receives Rs. 430 as interest. What sum of money was deposited in the Banks?
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A person has invested a sum of money ₹5000 in two banks.Bank A gives 2% interest and bank Bgives 3% interest If the interest earned is₹130 at the end of one interest period, find the amount invested in each bank.
Asked by nathsantanukumar | 11th Nov, 2018, 04:54: PM
Expert Answer:
Let a person has invested Rs. x in the bank A and 5000 - x in the bank B.
According to the question,
2% of x + 3% of (5000 - x) = 130
begin mathsize 16px style fraction numerator 2 straight x over denominator 100 end fraction plus fraction numerator 3 straight x over denominator 100 end fraction cross times 5000 minus fraction numerator begin display style 3 straight x end style over denominator begin display style 100 end style end fraction equals 130
fraction numerator negative straight x over denominator 100 end fraction plus 150 equals 130
fraction numerator negative straight x over denominator 100 end fraction equals negative 20
straight x space equals space 2000 end style
A person has invested Rs. 2000 in the bank A and Rs. 3000 in the bank B.
