Question discussion

1

Q. A man invests certain amount in Scheme A on Simple Interest for 2 years at certain rate of interest. He invests Rs. 35000 more on Simple Interest for 5 years at twice the rate of interest in Scheme B. The interest received from Scheme B is 10 times of interest from Scheme A. Find the amount that he invests in Scheme B.

  • (A). 65000
  • (B). 70000
  • (C). 35000
  • (D). 40000
Option (B) is Correct

Let the amount invested in scheme A be Rs. $$x$$
Amount invested in scheme B = Rs. $$(x + 35000)$$
Let the rate of interest be R%
According to data provided in the question, we get:
$$10 xx x xx R% xx 2 = (x + 35000) × 2R% × 5$$
⇒ $$2x = x + 35000$$
⇒ $$x = 35000$$
Amount invested in scheme B = Rs. 35000 + 35000 = Rs. 70000
Hence, option B is correct.

Posted on: Mar 2023
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