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 5 of 12.

VinithaGopal said:   10 years ago
How this 28x-22x = 350800-(13900 x 22) came ? Please somebody explain!

Manikant Thakur said:   10 years ago
In the question it is not mention that A having x or B having x so I am confuse here I got these two answer 7500 & 6400 so which should be the right one?

Guru said:   9 years ago
Any other easy way to solve immediately.

Lavanya said:   9 years ago
Any other easy way to solve immediately.

And wish formula use.

Suvas said:   9 years ago
How you got 3508?

Nagaraju said:   9 years ago
Here why we had taken (13900 - x)?

Please, can anyone explain it in detail?

Ashok said:   9 years ago
It can simply solve like this using allegation concept as;

Total amount can be given in 2 types of interests as one A is @14% & B is @11%.

He gets average in totally 2 years is given 3508/2 = 1754.
Its mean % is 1754/13900 = 12.6%.

Apply Allegation principle on interests.
Then, we get;
-> A : B.
-> 8 : 7.

Totally we have 15 parts = 13900

We require the amount invested in Scheme:

B = 7/15 * 13900.

=> 6486 (approx).

Chinnaribunga said:   9 years ago
How it came 45000? I didn't understand this, Please tell me.

Ramesh k said:   9 years ago
Can any one one solve this in simple method?

Sithara prasanth said:   9 years ago
How it can do through allegation.


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