Question 9.

Nitu has an initial capital of ₹20,000 . Out of this, she invests ₹8,000 at 5.5% in bank A,₹5,000 at 5.6% in bank B and the remaining amount at x% in bank C , each rate being simple interest per annum. Her combined annual interest income from these investments is equal to 5% of the initial capital. If she had invested her entire initial capital in bank C alone, then her annual interest income, in rupees, would have been