By Poonam

Verified by Ajay Kumar

Rohit distributed 70% of the total money he had between Priya and Meena in the ratio 5:9, respectively. Priya and Meena deposited their respective shares at 6% and 10% simple interest per annum for 4 years. If the difference in the interest earned by Meena and Priya is Rs. 2,304, find the total amount Rohit had.

  1. Rs. 23,400

  2. Rs. 33,400

  3. Rs. 16,900

  4. Rs. 19,200

Answer: D

Solution

Let the total amount be P. Priya receives 70% × 5/14 = P/4, and Meena receives 70% × 9/14 = 9P/20. The difference in their simple interest for 4 years is (9P/20 × 10 × 4/100) − (P/4 × 6 × 4/100) = 0.12P. Thus, 0.12P = 2304, so P = ₹19,200.

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