Rekhadidi deposited ₹10,000 of her savings in two separate banks at the same time. The rate of simple interest per annum is of 6% in one bank and that of 7% in other bank; after 2 yrs., if she gets ₹1280 in total as interest, then let us writhe by calculating, the money she had deposited separately in each of two banks.
Case 1: For money deposited in first bank
P = p, r = 6, t = 2 and I = ?
As we know,
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Case 2: For money deposited in second bank
P = 10000 – p, r = 7, t = 2 and I = ?
As we know,
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From question the total interest is Rs. 1280
⇒ 1280 = ![]()
⇒ 128000 = 12p + 140000 – 14p
⇒ 2p = 140000 – 128000
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Money deposited in Second bank = 10000 – p
= 10000 – 6000 = Rs. 4000
Hence, she deposited Rs. 6000 in first bank and Rs. 4000 in another bank.
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