Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple interest per annum is:
Option 1: INR 8000
Option 2: INR 4000
Option 3: INR 6000
Option 4: INR 5000
Answer (1)
25th Jan, 2024
Correct Answer: INR 4000
Solution :
Let the sum invested at 15% be
Time = 2 years
According to the question:
⇒
⇒
⇒
⇒
⇒
Hence, the correct answer is INR 4000.
Comments (0)
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