Question:
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years is Rs. 3508, what was the amount invested in Scheme B ?
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years is Rs. 3508, what was the amount invested in Scheme B ?
Updated On: Jul 29, 2024
- Rs. 6400
- Rs. 6500
- Rs. 7200
- Rs. 7500
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A) : Rs. 6400.
Was this answer helpful?
0
0
Top Questions on SI & CI
- Ramesh invests 1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year?
- Aman invests Rs 4000 in a bank at a certain rate of interest, compounded annually.If the ratio of the value of the investment after 3 years to the value of the investment after 5 years is 25 : 36, then the minimum number of years required for the value of the investment to exceed Rs 20000 is
- Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives at the end of 5 years, for one year at 10% simple interest. If the amounts received by both at the end of 6 years are equal, then the initial investment, in rupees, made by Sunil is
- An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is
- S invested 22,000 for 6 years at a 4% rate compounded half-yearly. B also invested a certain amount of money for 5 years in the same scheme and then reinvested it for a year at a 10% rate of simple interest. If their total amounts become the same after 6 years, what was B’s initial investment?
View More Questions
Questions Asked in SNAP exam
- To select a group, an unbiased dice is rolled out. If the dice shows 1 then group x is chosen. If 2 or 3 is shown, group y is chosen and if 4, 5 or 6 is shown, group z is chosen. Group x has 3 girls and 2 boys, group y has 3 girls and 4 boys, and group z has 4 girls and 5 boys. The dice is rolled out and the group is chosen, if a girl is chosen then find the probability that is it chosen from group y.
- SNAP - 2023
- Probability
- Roy bought articles at Rs. 20 per item. He sells them for Rs. 4, Rs. 6. He intends to make a profit of at least 40%. What will be the min number of articles he should sell?
- SNAP - 2023
- Profit and Loss
- Imran sold a mobile phone for Rs. 17600 after a discount of 12%, he made a profit of 10%. If no discount is given, find the profit percentage.
- SNAP - 2023
- Percentage
- A & B work 5 hours a day and complete work in 2 days. B and C work 5 hours a day and complete the same work in 4 days. A and C work 6 hours a day and complete the same in 2 days. How many days will A take to complete the work if he is working 5 hours a day alone?
- SNAP - 2023
- Time and Work
View More Questions