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

• Placement Papers
• /
• MBA

MBA Question Papers:

(#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 (12 years ago)

Unsolved Read Solution (1)

Is this Puzzle helpful?   (0)   (1) Submit Your Solution

Read Solution (1) :

bsmaddileti  (12 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/-

Is this solution Helpfull? Yes | No   

Please Login to Read Solution.