16000/- was invested for three years, partly in Scheme A at the rate of 5% simple interest per annum and partly in Scheme B at the rate of 8% simple interest per annum. Total interest received at the end was INR 3480/-. How much sum of money was invested in Scheme A

  • INR 6000/-
  • INR 6500/-
  • INR 4500/-
  • INR 4000/-
  • INR 8000/-
  • Explanation:

    Total amount =INR 16000/-

    Let the amount invested in scheme A be INR x.

    ∴ In scheme B, invested amount = INR (16000-x)

    According to question,

    x×5×3/100+(16000-x)×8×3/100 = 3480

    3/100(5x+128000-8x) = 3480

    -3x+128000 = 116000

    3x=12000

    x=INR 4000/-

16000/- was invested for three years, partly in Scheme A at the rate of 5% simple interest per annum
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