In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P?
A
Rs. 9 lakhs
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B
Rs. 11 lakhs
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C
Rs. 12 lakhs
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D
Rs. 18 lakhs
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Solution
The correct option is A Rs. 18 lakhs Let Rs. x lakhs be invested in Company P in 2000, the amount invested in Company Q in 2000 = Rs. (30 - x) lakhs. Total interest received from the two Companies after 1 year =Rs.[2.7−(1.5x100)]lakhs ∴[2.7−(1.5x100)]=2.43⇒x=18