Shawn invested one half of his savings in a bond that paid simple inte – McqOptions

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1.	Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?
A.	Rs.2543
B.	Rs.2534
C.	Rs.2546
D.	Rs.2750
Answer» E.

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