other govt exam BARC DAE Junior Purchase Assistant / Junior Storekeeper Mock Test Quantitative Aptitude Interest Simple Interest
Prashant has Rs. 17,500 in cash. He divided this money in two parts and invested each part in two different banks such that the interests given by first bank at 8% simple interest per annum and that by the other bank at 6% simple interest per annum are equal. Find the interest received by him from each bank after one year?
1
Rs. 750
2
Rs. 650
3
Rs. 600
4
Rs. 400