A total of Tk. 1200 is deposited in two savings accounts for one year, one portion at 5% simple interest, and the rest at 7% simple interest. If Tk. 72 was earned in interest, how much was deposited at 5%?

A 410
B 520
C 600
D 650

Correct Answer: 600

Let, Tk was deposited at 5% so, (1200 - x) was at 7% Total interest = 72 = . 5 × x + ( 1200 - x) ×. 07 = . 05x + 84 - . 07x x (. 05 - . 07) = 72 - 84 x × ( - .02) = - 12 x = 12/.02 = 600
Bissoy MCQ

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Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?

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