Srinivasan invests two equal amounts in two banks giving 10% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1650/-. Find the sum invested in each.

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BANK PO Exam (SBI) 2000 click here to view all questions

Srinivasan invests two equal amounts in two banks giving 10% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1650/-. Find the sum invested in each.

ARs. 8,500/-

BRs. 15,000/-

CRs. 7,500/-

DRs. 17,000/-

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Correct  answer is: Rs. 7,500/- Explanation: Let sum be Rs.x According to the question, $\Large \frac{x \times 10 \times 1}{100}+\frac{x \times 12 \times 1}{100} = 1650$ $22x = \Large 1650 \times 100$ $x = \Large \frac{165 \times 100}{22}$ $=Rs.7500$ upendra ? answered undefined All Comments

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