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An Employee of an Organization Invests a Total of Rs 25,400 in Two Different Schemes X and Y at a Simple Interest Rate of 18% per Annum and 10% per Annum Respectively. - Mathematics

Question

MCQ

An employee of an organization invests a total of Rs 25,400 in two different schemes X and Y at a simple interest rate of 18% per annum and 10% per annum respectively. If a total of  Rs. 6460 has been earned as a simple interest in 2 years, what amount was invested in  Scheme Y?

Options

  • Rs. 8,625 

  • Rs. 16,775 

  • Rs. 12,240 

  • Rs. 10,930 

Solution

Rs. 16,775

Explanation:

Let the amount invested in scheme Y is m,
then, the amount invested in scheme X is (25400 − m)
ATQ,

`((25400-"m")xx18xx2)/100+("m" xx 10 xx 2)/100 =6460`

228600 − 9m + 5m = 161500

4m = 67100

m = ₨. 16775

Amount invested in scheme Y = ₨. 16775

Concept: Percentage, Discount and Partnership (Entrance Exam)
  Is there an error in this question or solution?
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