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A man invests ₹12,000 partly at 8% and partly at 10% simple interest per annum. His total yearly interest is ₹1,060. How much did he invest…

1060Medium DSSSB TGT Computer Science 0 replies 1 views

A man invests ₹12,000 partly at 8% and partly at 10% simple interest per annum. His total yearly interest is ₹1,060. How much did he invest at 8%?

Correct answer: D

Explanation

If x is invested at 8%, 0.08x + 0.10(12000 − x) = 1060 gives 1200 − 0.02x = 1060, so x = ₹7,000.

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