Rs 15 000 is to be invested in 2 schemes one part is invested in scheme A which offers 9 5 rate of i...........

Quantitative Aptitude ( CCS) Simple Interest

Rs 15,000 is to be invested in 2 schemes, one part is invested in scheme A which offers 9.5% rate of interest and remaining part is invested in scheme B which offers 5% rate on interest. After 3 years, a total of Rs 3600 is received as simple interest. What is the part invested in scheme A?

Rs 10,000

Rs 9,000

Rs 11,500

Rs 10,500

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Explanation:

Rate for 3 yrs on total 15,000:
15000*r*3/100 = 3600
r = 8%
By method of allegation:
9.5 5
. 8
3 1.5
2 : 1
So in scheme A, 2/(2+1) * 15000 is invested = 10000