A person earns yearly interest of Tk. 920 by investing Tk. X at 4% and Tk. Y at 5% simple interest rate. If he had invested Tk. X at 5% and Tk. Y at 4% simple interest rate, then his yearly interest earning would have been reduced by TK. 40. Find out the amount-of X and Y.

Ncc Bank Management Trainee officer-2011

Section-E: Descriptive Part.

1. A person earns yearly interest of Tk. 920 by investing Tk. X at 4% and Tk. Y at 5% simple interest rate. If he had invested Tk. X at 5% and Tk. Y at 4% simple interest rate, then his yearly interest earning would have been reduced by TK. 40. Find out the amount-of X and Y.

[NCC Bank MTO-2011 : 2011]

Answer

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