Latest MBA Aptitude Question SOLUTION: Rs 25,ooo is invested in two fixed deposits X and Y offering compound interest at 6%pa and 8%pa respectively.If the total amount of interest accrued through both fixed deposits is

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(#M40014751) MBA question time speed and distance, work, alligations & mixtures Keep an EYE

Rs 25,ooo is invested in two fixed deposits X and Y offering compound interest at 6%pa and 8%pa respectively.If the total amount of interest accrued through both fixed deposits is rs 3518, the amount invested in scheme X

1) 12,000
2) 13,000
3) 15,000
4) cannot be determined

Asked In MBA (11 years ago)

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bsmaddileti  (11 years ago)

First of all.., correct the time period as 2 years...
x+y=25000
x(1+ 6/100)^2-x + y(1+ 8/100)^2-y=3518;
x(2809/2500 -1)+y(2916/2500 -1)=3518;
309x+416y=3518*2500;
309x+416(25000-x)=8795000;
309x+10400000-416x=8795000;
107x=1605000;
x=15000;
So,Amount Invested in Scheme X=15000/-

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