Question
Quantitative Ability and Data Interpretation Question on SI & CI
Mr. Thomas 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, what was the amount invested in Scheme B ?
A
Rs. 6400
B
Rs. 6500
C
Rs. 7200
D
Rs. 7500
Answer
Rs. 6400
Explanation
Solution
The correct option is (A) : Rs. 6400.