Simple Interest Sample Questions

2. Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B 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, what was the amount invested in Scheme B?

A.Rs. 6500

B.Rs. 7500

C.Rs. 6400

D.None of these

LEAVE A REPLY

Please enter your comment!
Please enter your name here