Susan invested certain amount of money in two schemes A and B, which offer interest at the rate of 8% per annum and 9% per annum, respectively. She received Rs.1860 as annual interest. However, has she interchanged the amount of investment in the two schemes, she would have received Rs.20 more as annual interest. How much money did she invest in each scheme?

Open in App

Solution

$Rs. 10000 in scheme A, Rs.12000 in scheme B$

Suggest Corrections

Similar questions

Q. Question 12
Susan invested certain amount of money in two schemes A and B, which offer interest at the rate of

8 %

per annum and

9 %

per annum, respectively. She received Rs. 1860 as annual interest. However, had she interchanged the amount of investments in the two schemes, she would have received Rs. 20 more as annual interest. How much money did she invest in each scheme?

Karan invested money in two schemes A and B offering compound interest at 8% per annum compounded annually and 9% per annum compounded annually. If the total amount of interest accrued through two schemes together in two years was Rs.4818.30 and the total amount invested was Rs.27,000, what was the amount invested in Scheme A?

Q. Sandeep invested Rs. 2500 in a scheme offering 20% per annum simple interest. Had he invested the same amount in another scheme offering 25% simple interest for two more years than the first scheme, he would have received Rs. 1500 more interest. Find the time period of investment in the second scheme.

Q. A man invested an amount at 10% per annum and another amount at 8% per annum simple interest. Thus, he received ₹1,350 as annual interest. Had he interchanged the amounts invested, he would have received ₹45 less as interest. What amounts did he invest at different rates?

Babita invested a sum of money for 2 years at 4% per annum simple interest and earned Rs.480 as the interest.

How much more amount would she get if she had invested the same sum for the same time at the same rate compounded annually?

Join BYJU'S Learning Program