Question:medium
Archit 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 is Rs. 3508, then determine the amount invested in Scheme B by Archit?
Archit 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 is Rs. 3508, then determine the amount invested in Scheme B by Archit?
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For questions splitting an investment across two rates, you can also use the method of Alligation by calculating the overall average interest rate for the combined sum.
Updated On: Mar 26, 2026
- Rs. 6400
- Rs. 6500
- Rs. 7200
- Rs. 7500
- Rs. 6800
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The Correct Option is A
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