Question
A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :
Answer: Option B
LET THE MAN INVESTS RS.X AT 6% AND RS.Y AT 7%
SIMPLE INTEREST ON RS.X AT 6% FOR 2 YEARS + SIMPLE INTEREST ON RS.Y AT 7% FOR 2 YEARS = RS.354
X×6×2/100+Y×7×2/
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LET THE MAN INVESTS RS.X AT 6% AND RS.Y AT 7%
SIMPLE INTEREST ON RS.X AT 6% FOR 2 YEARS + SIMPLE INTEREST ON RS.Y AT 7% FOR 2 YEARS = RS.354
X×6×2/100+Y×7×2/
Was this answer helpful ?
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