Discussion :: Line charts
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In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P?
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Answer : Option D
Explanation :
Let Rs. x lakhs be invested in Company P in 2000, the amount invested in Company Q in 2000 = Rs. (30 - x) lakhs.
Total interest received from the two Companies after 1 year
= Rs. [(7.5% of x) + {9% of (30 - x)}] lakhs
= Rs. [2.7 - \((\frac { 1.5X } { 100 } )\) ] lakhs
= [ 2.7 - \((\frac { 1.5X } { 100 } )\)] = 2.43 
x = 18
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