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Q: A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

  • 1
    Rs. 7000
  • 2
    Rs. 4500
  • 3
    Rs. 9000
  • 4
    Rs. 8200
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Answer : 3. "Rs. 9000"
Explanation :

Answer: C) Rs. 9000 Explanation: Let Rs. K invested in each scheme Two years C.I on 20% = 20 + 20 + 20x20/100 = 44% Two years C.I on 15% = 15 + 15 + 15x15/100 = 32.25% Now, (P x 44/100) - (P x 32.25/100) = 528.75 => 11.75 P = 52875 => P = Rs. 4500   Hence, total invested money = P + P = 4500 + 4500 = Rs. 9000.

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