Shreya invested 15000. Out of it she invested 7000 at 5% pa. At what rate of interest must she invest the balance amount to get 7% p.a. interest on the total
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Answer:
P= Rs. 15000; R=10% p.a =5% per half-year; T=1 year =2 half-years.
∴ Amount =[15000×(1+
100
5
)
2
]
= Rs. (15000×
20
21
×
20
21
)
=16,537.50
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