Simple Interest Ques 3
Question-
A invested in a certain scheme at the rate of $5 \%$ p.a. and B at $3 \%$ each for two years. If the total sum invested by A and B is Rs. 4000 and the simple interest received by both is same then, find the amount invested by A ?
(1) Rs. 1300
(2) Rs. 1500
(3) Rs. 2500
(4) Rs. 2700
(5) Rs. 2100
(IBPS Bank PO/MT CWE-VI (Pre), 16.10.2016 (Second Sitting))
Show Answer
Correct Answer: (2)
Solution: (2)
A’s investment = Rs. $x$
B’s investment $=$ Rs. $(4000-x)$
S.I. $=\frac{\text { Principal } \times \text { Time } \times \text { Rate }}{100}$
According to the question,
$\frac{x \times 5 \times 2}{100} $ $= \frac{(4000-x) \times 3 \times 2}{100} $
$\Rightarrow 5 x=12000-3 x $
$\Rightarrow 8 x=12000 $
$\Rightarrow x=\frac{12000}{8}=\text { Rs. } 1500$
BETA
