Question

Rekhadidi deposited ₹ 10000 of her savings in two separate banks at the same time. The rate of simple interest per annum is 6% in one bank and 7% in another bank; After 2 years, if she gets ₹1280 in total as interest, then let us write by calculating, the money she had deposited separately in each of the two banks.

WhatsApp

Answer

Let she deposit ₹ x in the 1st bank at the rate of 6% and Rs (10000-x) in the 2nd bank at the rate of 7 % for 2 years

According to the problem,

{\frac{x × 6 × 2}{100}+\frac{(10000-x) × 7 × 2}{100}} = ₹ 1280

or, \frac{12x}{100}+\frac{14(10000-x)}{100} = 1280

or, frac{12x+140000-14 x}{100} = 1280

or, -2x + 140000 = 1280 × 100

or, 140000 – 128000 = 2x

∴ x = =\frac{12000}{2}=6000

∴ She deposited ₹ 6000 in the 1st bank & ₹ 4000 in the 2nd bank.

Was this answer helpful?

Didn't liked the above answer ?

Text Generation Tool