Question

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?

• A. Rs. 8,625
• B. Rs. 16,775
• C. Rs. 12,240
• D. Rs. 10,930

Answer 1

Answer: (B)

Rs. 16,775

Answer 2

The correct option is (B): Rs. 16,775.