Discussion :: Simple Interest
- An amount of Rs. 100000 is invested in two types of shares. The first yields an interest of 9% p.a and the second, 11% p.a. If the total interest at the end of one year is 9 3/4 %, then the amount invested in each share was?
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Answer : Option B
Explanation :
Let the sum invested at 9% be Rs. x and that invested at 11% be Rs. (100000 - x). Then,
(x * 9 * 1)/100 + [(100000 - x) * 11 * 1]/100 = (100000 * 39/4 * 1/100)
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