Nitu has an initial capital of ₹20,000. Out of this, she invests ₹8,000 at 5.5% in Bank A, ₹5,000 at 5.6% in Bank B, and the remaining amount at x % x...
Question
Nitu has an initial capital of ₹20,000. Out of this, she invests ₹8,000 at 5.5% in Bank A, ₹5,000 at 5.6% in Bank B, and the remaining amount at
in Bank C, each rate being simple interest per annum. Her combined annual interest income from these investments equals 5% of the initial capital. If she had invested her entire initial capital in Bank C alone, what would her annual interest income (in rupees) have been?