A person invests ₹24,000 in two schemes - Scheme A at 18% and Scheme B at 12%, both simple interest. After 1 year, total interest is ₹3,840. How much in Scheme A?

Question

Accepted Answer

1. Let amount in Scheme A = $x$. Then Scheme B = $24000-x$.
2. Total simple interest: $0.18x+0.12(24000-x)=3840$.
3. Solve: $0.06x=960$ so $x=16000$.
4. Amount in Scheme A is ₹16,000, so option **(d)**.
FINAL_ANSWER: d

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Answer

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