Question 58

Bhavan invested two equal amounts at simple interest. He invested one amountat 15% p.a. and the other at 20% p.a. The total interest earned at the end of a year was ₹ 1400. The total amountinvested (in ₹) was:

Solution

Let the total investment be x
so for 1 year interest=0.15(x/2)+0.2(x/2)
=0.35x/2
given 0.35x/2 =1400
x=8000

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