Question Details

An employee of an organization invests a total of Rs 25,400 in two different schemes X and Y at a simple interest rate of 18% per annum and 10% per annum respectively. If a total of Rs. 6460 has been earned as simple interest in 2 years, what amount was invested in Scheme Y?

Options

A

Rs. 8,625

B

Rs. 16,775

C

Rs. 12,240

D

Rs. 10,930

Show Answer

Correct Answer :

Option B

Rs. 16,775

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