Question:
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 simple interest in 2 years, what amount was invested in Scheme Y?
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 simple interest in 2 years, what amount was invested in Scheme Y?
Updated On: Jul 27, 2024
- Rs. 8,625
- Rs. 16,775
- Rs. 12,240
- Rs. 10,930
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The Correct Option is B
Solution and Explanation
The correct option is (B): Rs. 16,775.
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