SSC CGL – Combined Graduate Level Examination · Question 72
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?
Show answer & explanation
Answer: (D) ₹16,000
Explanation
0.18A + 0.12(24,000 − A) = 3,840 gives 0.06A = 960, A = ₹16,000.