An amount of 15,02,000 was divided amongst A, B and C in the ratio 5:7: 8 respectively. All the three deposit their amounts in a bank with simple annual interest rates of 4%, 5% and 6% for 2 years, 3 years and 5 years respectively. Find the simple interests obtained by A and C. [Answer Limit: 125 words] [UKPSC 2023]
The total amount of ₹ 15,02,000 is divided among A, B, and C in the ratio 5:7:8.
SIA=100P×r×t=1003,75,500×4×2=₹3,006
SIC=100P×r×t=1006,00,800×6×5=₹1,80,240
Conclusion: The simple interest obtained by A is ₹ 3,006, and by C is ₹ 1,80,240.