Author Topic: Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A  (Read 253 times)

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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 be Rs. 3508, what was the amount invested in Scheme B?

Options are:

A.     Rs. 6400
B.     Rs. 6500
C.     Rs. 7200
D.     Rs. 7500
E.     None of these

Correct answer is:


A.     Rs. 6400

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