question_answer

Shawn invested half of his saving in a bond for two years that paid simple interest Rs. 550. He invested the remaining money in a bond for the same rate of interest and same year that paid compound interest Rs. 605, where interest is compounded annually. Find the total money which he saved.

A) (a) Rs. 5500

B) (b) Rs. 11000

C) (c) Rs. 22000

D) (d) Rs. 2750

E) (e) None of these