Practicing Success
A person invested a total sum of Rs. 15,500 in three different schemes of simple interest at the annual rate of 4 percent, 6 percent and 10 percent. At the end of one year he got same interest in all three schemes. What is the sum invested at the rate of 6 percent ? |
Rs. 5400 Rs. 5000 Rs. 5500 Rs. 6500 |
Rs. 5000 |
Total Sum = Rs 15500 15500 is invested into 3 different schemes i.e. at 4%, 6% and 10% p.a. respectively for 1 year P1 = x , P2 = y , P3 = z (P=Principal) ATQ, I1=I2=I3 \(\frac{P1×R1×T1}{100}\) = \(\frac{P2×R2×T2}{100}\) = \(\frac{P3×R3×T3}{100}\) \(\frac{x×4×1}{100}\) = \(\frac{y×6×1}{100}\) = \(\frac{z×10×1}{100}\) 4x = 6y = 10z ∴ \(\frac{x}{15}\) = \(\frac{y}{10}\) = \(\frac{z}{6}\) ATQ P1+P2+P3 = 15500 15+10+6 = 15500 31 part = 15500 1 part = 500 Sum invested at 6% pa = 10 part 1 = 500 100 = 10 × 500 = Rs 5000 |