Answer :

Case 1: Money deposited in bank

P = 10000 - p, r = 5, t = 1 and I = ?

As we know,

Case 2:For money deposited in the post-office

P = p, r = 6, t = 1 and I = ?

As we know,

From question, the total interest is

= Interest from bank + Interest from post-office

⇒ 540000 = -5p + 50000 + 6p

⇒ p = Rs 49,000

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