Mathematics · Simple Interest
Mr. John invested Rs. 15,500 by dividing it into two different schemes A and B at simple interest rates of 20% and 17.5% per annum respectively. If the total simple interest earned in 2 years is Rs. 5,800, what was the amount invested in scheme A?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8,000
- 2Rs. 7,000
- 3Rs. 7,500✓
- 4Rs. 8,500
Correct answer
Rs. 7,500
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