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Directions: The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)
In 2023, a part of Rs. 45,000 is invested in company X and the rest was invested in company Y for 1 year. If the total interest received is Rs. 3100, then what was the amount invested in company X?
  • a)
    Rs. 20000
  • b)
    Rs. 25000
  • c)
    Rs. 15000
  • d)
    Rs. 30000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions:The following line graph shows the data of rate of interest...
Given:
In 2023, a part of Rs. 45,000 is invested in company X
The rest was invested in company Y for 1 year
The total interest received is Rs. 3100
Concept Used:
Simple interest (SI) = (P × R × T)/100
Where, P = principal amount, R = rate of interest, and T = time of investment
Calculation:
Let, Rs. a is invested in X and Rs. (45000 - a) is invested in Y
According to the question,
(6a/100) + (45000 - a) × 8/100 = 3100
⇒ 6a + 360000 - 8a = 310000
⇒ 2a = 50000
⇒ a = 25000
∴ The amount invested in X was Rs. 25000
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Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)In 2023, a part of Rs. 45,000 is invested in company X and the rest was invested in company Y for 1 year. If the total interest received is Rs. 3100, then what was the amount invested in company X?a)Rs. 20000b)Rs. 25000c)Rs. 15000d)Rs. 30000Correct answer is option 'B'. Can you explain this answer?
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Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)In 2023, a part of Rs. 45,000 is invested in company X and the rest was invested in company Y for 1 year. If the total interest received is Rs. 3100, then what was the amount invested in company X?a)Rs. 20000b)Rs. 25000c)Rs. 15000d)Rs. 30000Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)In 2023, a part of Rs. 45,000 is invested in company X and the rest was invested in company Y for 1 year. If the total interest received is Rs. 3100, then what was the amount invested in company X?a)Rs. 20000b)Rs. 25000c)Rs. 15000d)Rs. 30000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)In 2023, a part of Rs. 45,000 is invested in company X and the rest was invested in company Y for 1 year. If the total interest received is Rs. 3100, then what was the amount invested in company X?a)Rs. 20000b)Rs. 25000c)Rs. 15000d)Rs. 30000Correct answer is option 'B'. Can you explain this answer?.
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