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Quantitative Aptitude

Simple Interest & Compound Interest

A person has ...

Question

A person has Rs. 5000. He invests a part of at 3% per annum and the remaining at 8% per annum simple interest. His total income in 3 years is Rs. 750. Find the sum invested at different rates of interest?

A

3500, 1500

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B

1000, 4000

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C

3000, 2000

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D

1800, 3200

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Solution

The correct option is C 3000, 2000
Option C is the correct answer. Check the video for the approach.

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