Mathematics · Simple Interest
A person invested Rs. 30,500 divided into two different schemes A and B at simple interest rates of 12.5% and 15% per annum respectively. If the total simple interest earned in 2 years is Rs. 8,625, what was the amount invested in scheme A?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 10,500✓
- 2Rs. 11,500
- 3Rs. 12,500
- 4Rs. 9,500
Correct answer
Rs. 10,500
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