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A invests on some scheme at 5% and B at 3% for two years. If the total sum invested by A and B is 4000 and the simple interest received by…

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A invests on some scheme at 5% and B at 3% for two years. If the total sum invested by A and B is 4000 and the simple interest received by both is same then find the amount invested by A.
  • ARs. 1,300­
  • BRs. 1,500
  • CRs. 2,500
  • DRs. 2,700 3
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CCommunity
Solution
Let the amount invested by A be Rs y , then amount invested by B be Rs (4000-y)
Rate of interest for A = 5%
rate of interest for B = 3%
time = 2 years
As it is given that interest for both are same .So,
$\frac{y\times5\times2}{100}$ = $\frac{(4000-y)\times3\times2}{100}$
y = Rs 1500
0
CCommunity
Solution
Let the amount invested by A be Rs y , then amount invested by B be Rs (4000-y)
Rate of interest for A = 5%
rate of interest for B = 3%
time = 2 years
As it is given that interest for both are same .So,
$\frac{y\times5\times2}{100}$ = $\frac{(4000-y)\times3\times2}{100}$
y = Rs 1500