Two banks offered interest rates of 6% and 7% respectively on savings accounts. Mr X deposited a total amount of Tk. 4000 in the banks and in one year his interest income was Tk. Find the investment in the bank with 7% interest.

Two banks offered interest rates of 6% and 7% respectively on savings accounts. Mr X deposited a total amount of Tk. 4000 in the banks and in one year his interest income was Tk. Find the investment in the bank with 7% interest.

A Tk. 3000

B Tk. 2000

C Tk. 2500

D None of these

Solution

Correct Answer: Option D