Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 2)
2.
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
Rs. 6400
Rs. 6500
Rs. 7200
Rs. 7500
None of these
Answer: Option
Explanation:

Let the sum invested in Scheme A be Rs. x and that in Scheme B be Rs. (13900 - x).

Then, x x 14 x 2 + (13900 - x) x 11 x 2 = 3508
100 100

28x - 22x = 350800 - (13900 x 22)

6x = 45000

x = 7500.

So, sum invested in Scheme B = Rs. (13900 - 7500) = Rs. 6400.

Video Explanation: https://youtu.be/Xi4kU9y6ppk

Discussion:
115 comments Page 11 of 12.

Jitender said:   8 years ago
Simple interest for two year 3508, therefore simple interest for one year will be1754
x+y=13900 ---> Equation (1).

14x+11y=175400 ---> equation 2.
To solve the equation we are multiplying the equation 1 by 14.
14x+14y=194600 ---> equation 1 after multiply by 14.
14x+11y=175400.

After subtracting the equation we will get.
3y = 19200,
Y = 6400.

Ganesh naik said:   8 years ago
@ Aditi.

Nice explanation.

they asked for scheme B so we shld take x=13900-y instead of y=13900-x.

Tushar waghchaure said:   8 years ago
Let's assume any answer between option, suppose 6400,
and total amount is given 13900 so, 13900-6400=7500 so we got two values of principle(p),
we know formula i,e SI= P*R*T/100.
so put value...SI=7500*14*2/100=2100 AND SI=6400*11*2/100=1408 and addition of this is =3508. So, A invest 7500 AND B invest 6400.

Lucy said:   8 years ago
350800 - (13900 x 22) =45000 How its came?

Anshul said:   8 years ago
The answer can be 6400 or 7500.

It is not necessary that A will invest X and B will invest the difference.

Renu said:   8 years ago
@Phani Kumar.

Can you plz tell me how to take a difference between r1 and r2 (14% - 11%) or (14*2-11*2).

Amrutha said:   8 years ago
From the question we know 13900 is the amount he invested.
Let assume, 'x' be the amount invested on A.
so 13900-x be the amount B have

SI=PNR/100.
Case of A:
for 2 years, as per the question.
SI1=x*2*14/100
Similarly
Case of B:
for 2 years
SI2=(13900-x)*2*11/100

its given that the total amount of simple interest is 3508
ie,SI1+SI2=3508

substituting the above two equations
Then, x x 14 x 2 /100 + (13900 - x) x 11 x 2/100 = 3508
28x - 22x = 350800 - (13900 x 22)
6x = 45000
x = 7500.
So, sum invested in Scheme B = Rs. (13900 - 7500) = Rs. 6400.

Surya said:   8 years ago
How 45000 will come? Please explain it.

Punna vandana said:   8 years ago
Please, can anyone explain this problem in percentages?

Dhilip said:   8 years ago
It is a PTR/100 formula total SI is given we find amount invested in B so subtract x from p here x is an amount invested and p total amount. Two different scheme so we add two amount and the SI is placed other side by the formula

SI=P*R*T/100.


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