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Mr. Thomas invested an amount of Rs 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ` 3508, what was the amount invested in Scheme B?
  • a)
    Rs 6400
  • b)
    Rs 6500
  • c)
    Rs 7200
  • d)
    Rs 7500
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Mr. Thomas invested an amount of Rs 13,900 divided in two different sc...
Let the sum invested in Scheme A be Rs x and that in Scheme B be Rs (13900 – x).
Then,

= 3508
⇒ 28x – 22x = 350800 – (13900 × 22)
⇒ 6x = 45000
⇒ x = 7500
So, sum invested in Scheme B
= Rs (13900 – 7500) = Rs 6400
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Most Upvoted Answer
Mr. Thomas invested an amount of Rs 13,900 divided in two different sc...
Given:
Amount invested in Scheme A = Rs 13,900
Rate of interest in Scheme A = 14% p.a.
Rate of interest in Scheme B = 11% p.a.
Total simple interest earned in 2 years = Rs 3508

To find:
Amount invested in Scheme B

Solution:
Let the amount invested in Scheme B be Rs x.
Then, the amount invested in Scheme A will be (13900 - x).

Simple interest earned in Scheme A in 2 years = (13900 - x) × 14/100 × 2 = 0.28(13900 - x)
Simple interest earned in Scheme B in 2 years = x × 11/100 × 2 = 0.22x

Total simple interest earned in 2 years = Simple interest earned in Scheme A + Simple interest earned in Scheme B
3508 = 0.28(13900 - x) + 0.22x

Simplifying the above equation, we get:
3508 = 3892 - 0.06x
0.06x = 384
x = 6400

Therefore, the amount invested in Scheme B is Rs 6400.
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Mr. Thomas invested an amount of Rs 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ` 3508, what was the amount invested in Scheme B?a)Rs 6400b)Rs 6500c)Rs 7200d)Rs 7500Correct answer is option 'A'. Can you explain this answer?
Question Description
Mr. Thomas invested an amount of Rs 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ` 3508, what was the amount invested in Scheme B?a)Rs 6400b)Rs 6500c)Rs 7200d)Rs 7500Correct answer is option 'A'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Mr. Thomas invested an amount of Rs 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ` 3508, what was the amount invested in Scheme B?a)Rs 6400b)Rs 6500c)Rs 7200d)Rs 7500Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Thomas invested an amount of Rs 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ` 3508, what was the amount invested in Scheme B?a)Rs 6400b)Rs 6500c)Rs 7200d)Rs 7500Correct answer is option 'A'. Can you explain this answer?.
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