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Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.
  • a)
    Rs. 8500
  • b)
    Rs. 15000
  • c)
    Rs. 7500
  • d)
    Rs. 17000
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Srinivasan invests two equal amounts in two banks giving 8% and 12% ra...
Let the sum invested be ` x.
8x + 12x = 150000 20x = 150000 x = 7500
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Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.a)Rs. 8500b)Rs. 15000c)Rs. 7500d)Rs. 17000Correct answer is option 'C'. Can you explain this answer?
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Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.a)Rs. 8500b)Rs. 15000c)Rs. 7500d)Rs. 17000Correct answer is option 'C'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.a)Rs. 8500b)Rs. 15000c)Rs. 7500d)Rs. 17000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.a)Rs. 8500b)Rs. 15000c)Rs. 7500d)Rs. 17000Correct answer is option 'C'. Can you explain this answer?.
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