Mohit has some money in his hand that he invested in three different simple interest schemes. He invested 24% of the money in scheme P for 5years at 10% per annum, 32% of the amount in scheme Q for 8 years at 15% per annum, remaining in schemeR for3years at 20% per annum. If the total of interest Mohit received from scheme P, Q and Rand the principal amount is Rs. 26,078, then find the difference between the sum invented in scheme Q and scheme R?a)Rs. 1275b)Rs. 1930c)Rs. 1525d)Rs. 1770e)None of theseCorrect answer is option 'D'. Can you explain this answer?

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Mohit has some money in his hand that he invested in three different simple interest schemes. He invested 24% of the money in scheme P for 5years at 10% per annum, 32% of the amount in scheme Q for 8 years at 15% per annum, remaining in schemeR for3years at 20% per annum. If the total of interest Mohit received from scheme P, Q and Rand the principal amount is Rs. 26,078, then find the difference between the sum invented in scheme Q and scheme R?

a)
Rs. 1275
b)
Rs. 1930
c)
Rs. 1525
d)
Rs. 1770
e)
None of these

Correct answer is option 'D'. Can you explain this answer?

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Mohit has some money in his hand that he invested in three different s...

Let the total amount invested by Mohit = Rs. 100x
Then, according to the question,
= 100x + (24x × 5 × 10)/100 + (32x × 8 × 15)/100 + (44x × 3 × 20)/100 = 26,078
= 100x + 12x + 38.4x + 26.4x = 26,078
= 176.8x = 26,078
= x = 147.5
So, the total amount invested by Mohit =147.5 × 100 => Rs. 14,750
Thus, the required difference between them = 14,750 × (44 – 32)/100
= 14,750 × 12/100 => Rs. 1770
Hence, the required answer is = Rs. 1770.

Answered by Notes Wala · View profile

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Mohit has some money in his hand that he invested in three different simple interest schemes. He invested 24% of the money in scheme P for 5years at 10% per annum, 32% of the amount in scheme Q for 8 years at 15% per annum, remaining in schemeR for3years at 20% per annum. If the total of interest Mohit received from scheme P, Q and Rand the principal amount is Rs. 26,078, then find the difference between the sum invented in scheme Q and scheme R?a)Rs. 1275b)Rs. 1930c)Rs. 1525d)Rs. 1770e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Mohit has some money in his hand that he invested in three different simple interest schemes. He invested 24% of the money in scheme P for 5years at 10% per annum, 32% of the amount in scheme Q for 8 years at 15% per annum, remaining in schemeR for3years at 20% per annum. If the total of interest Mohit received from scheme P, Q and Rand the principal amount is Rs. 26,078, then find the difference between the sum invented in scheme Q and scheme R?a)Rs. 1275b)Rs. 1930c)Rs. 1525d)Rs. 1770e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mohit has some money in his hand that he invested in three different simple interest schemes. He invested 24% of the money in scheme P for 5years at 10% per annum, 32% of the amount in scheme Q for 8 years at 15% per annum, remaining in schemeR for3years at 20% per annum. If the total of interest Mohit received from scheme P, Q and Rand the principal amount is Rs. 26,078, then find the difference between the sum invented in scheme Q and scheme R?a)Rs. 1275b)Rs. 1930c)Rs. 1525d)Rs. 1770e)None of theseCorrect answer is option 'D'. Can you explain this answer?.

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