Exams › SSC CGL (Prelims) › General

A person splits Rs 24,000 between two schemes: Scheme A at 18% and Scheme B at 12%, both at simple interest. If the total interest after one year is Rs 3,840, how much was invested in Scheme A?

1. Rs 8,000
2. Rs 10,000
3. Rs 12,000
4. Rs 16,000

Correct answer: Rs 16,000

Solution

Let the amount in Scheme A be \(x\), so Scheme B gets \(24000-x\). The total interest in one year is \(0.18x + 0.12(24000-x)=3840\), which gives \(x=16000\).

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