Mr Kumar invested a sum of Rs. 15000 at 6% p.a. simple interest and another amount at 8% p.a. simple interest. The total interest earned at the end of one year on the total amount invested becomes 7% p.a. Find the total amount invested.

Rs.15000

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Rs.30000

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Rs.25000

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Rs.30000

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None of these

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Solution

The correct option is B
Rs.30000

Total sum =Rs. 15000+Rs.15000=Rs.30000

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Mr Kumar invested a sum of Rs. 15000 at 6% p.a. simple interest and another amount at 8% p.a. simple interest. The total interest earned at the end of one year on the total amount invested becomes 7% p.a. Find the total amount invested.

The correct option is B Rs.30000 Total sum =Rs. 15000+Rs.15000=Rs.30000

The correct option is B
Rs.30000

Total sum =Rs. 15000+Rs.15000=Rs.30000