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Kil1i invested a sum of money at a ce11ain ra te of simple interest per annum for 3 years in "Bacha! scheme". Had she invested
the same sum in "Shiksha scheme" for 3 years which bas a 2% higher simple interest rate per annum, the investment would
have fetched Rs540 more. How much did Ki11i invest?
Rs9,500
Rs9,000
Rs7,000
Rs8,000
- Kil1i invested a sum of money in a scheme with interest calculated as simple interest over 3 years.
- The second scheme, "Shiksha," offers a simple interest rate that is 2% higher than the "Bacha" scheme.
- After 3 years, the additional interest earned from the "Shiksha" scheme is Rs. 540 more than the "Bacha" scheme.
- To find the invested amount, denote this amount by P.
- The difference in interest due to the 2% higher rate for 3 years is: P×2100×3=540
- Solving for P gives: P=5400.06=9,000
Therefore, the amount Kil1i invested is Rs 9,000.
Option 2: Rs 9,000
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