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Simple Interest Practice Test 4
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© examsnet.com
Question : 2
Total: 26
Mr. Sanjay invested an amount of Rs. 13,900 divided in two different schemes P and Q at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508 then find the amount invested in scheme Q.
Rs. 7500
Rs. 7000
Rs. 6400
Rs. 6000
Validate
Solution:
Let Mr. Sanjay invested Rs. x and Rs (13900 – x) in schemes Q and P respectively, then
x
×
11
×
2
100
+
(
139000
−
x
)
×
14
×
2
100
=
3508
⇒ 22x + 389200 – 28x = 350800
6x = 38400
x =
38400
6
= Rs. 6400
© examsnet.com
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