InterviewSolution
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Two friends Amit and Rahul invested an equal sum of Rs. P in a scheme. If simple interest of 9% and 6% respectively was offered to them at the end of 2 years the difference between the total amount received by Amit and Rahul was Rs. 2166, then find out the value of P.1. 366002. 361003. 240004. 540005. 18500 |
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Answer» Correct Answer - Option 2 : 36100 Given: Two friends Amit and Rahul invested an equal amount of sum Rs. P in two different schemes. Simple interest offered by the two schemes were at the rate 9% and 6% respectively and at the end of 2 years Difference between the total amount received by Amit and Rahul was Rs. 2166. Formula used: Simple Interest = {Sum (P) × rate of interest (r) × time (t)}/100 Amount (A) = Principal (P) + Simple interest (S.I) Calculation: After 2 years, Rahul’s amount from first scheme ⇒ P + (P × 9 × 2)/100 = 118P/100 Rahul’s amount from second scheme ⇒ P + (P × 6 × 2)/100 = 112P/100 Difference between the amounts received by Rahul from both schemes 118P/100 – 112P/100 = 2166 ⇒ 6P = 2166 × 100 ⇒ P = 36100 ∴ The value of P is Rs. 36100 |
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