Partnership Ques 17
Question
Raman invested equal sums in schemes A and B for 3 years and 2 years respectively. Schemes A and B offer simple interest at the rate of 6 percent per annum and 8 per cent per annum respectively. The difference between interest earned by him from both the schemes is Rs. 97, what is the interest earned by him from the scheme A?
(1) Rs. 893
(2) Rs. 873
(3) Rs. 881
(4) Rs. 867
(5) Rs. 845
(IBPS RRBs Officers CWE (Prelim Exam) 09.09.2017 IInd Sitting)
Show Answer
Answer: (2)
Solution: (2)
Let the investment in each scheme be Rs. $x$.
S.I. $=\frac{\text { Principal } \times \text { Time } \times \text { Rate }}{100}$
According to the question,
$\frac{x \times 3 \times 6}{100}-\frac{x \times 2 \times 8}{100}=97$
$\Rightarrow \frac{18 x}{100}-\frac{16 x}{100}=97$
$\Rightarrow \frac{2 x}{100}=97 $
$\Rightarrow \frac{x}{50}=97$
$\Rightarrow x=$ Rs. $(97 \times 50)$
$\therefore$ Interest got from scheme A $=\frac{18 x}{100}=$ Rs. $\left(\frac{18 \times 97 \times 50}{100}\right)$ $=$ Rs. 873
BETA
