Question: A man invests a certain sum of money at `6%` p.a.simple interest and another sum at `7%`p.a. simple interest.His income from interest after `2` years was Rs.`354`. One fourth of the first sum is equal to one fifth of the second sum. The total sum invested was :
A
B
C
D
`Rs. 2600`
B
`Rs. 2700`
C
`Rs. 2880`
D
`Rs. 2900`
Note: Let the sums be x. and y.
`(x xx 6 xx 2)/100 + (y xx 7 xx 2)/100 = 354`
`or 6x + 7y = 17700`
Also,` x/4 = y/5`
`or 5x - 4y = 0`
Solving thes equation we get : x
`= x = 1200 and y = 1500`
:. Total sum `= Rs. 2700`