Multiple choice

Pawan invested a total of Rs.35000 in two different schemes A and B. The scheme A which offers interest at a rate of 5% per annum and scheme B offers interest at a rate of 12%. If the total interest earned by Pawan after 1 year is Rs.3500 then find the sum invested in scheme B.

  1. 27000

  2. 25000

  3. 28000

  4. 22000

  5. 26000
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let amount in scheme B be x, so scheme A is 35000-x. Interest: 0.12x + 0.05(35000-x) = 3500. Solving: 0.12x + 1750 - 0.05x = 3500, so 0.07x = 1750, giving x = 25000. Pawan invested Rs. 25000 in scheme B at 12% to earn the desired total interest.

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