Mr. X invested one fourth of his capital at 8%, one third at 7% and the remaining part at 10%. If his annual simple interest on this investment is Rs 510, then the total capital invested by Mr. X is? |
Rs. 4800 Rs. 6000 Rs. 6600 Rs. 7200 |
Rs. 6000 |
The correct answer is Option (2) → Rs. 6000 1. Determine the Fractions of Capital Let the total capital be $C$. The investment is divided into three parts:
To find the "remaining part," we subtract the first two fractions from the whole: $\text{Remaining Part} = 1 - \left(\frac{1}{4} + \frac{1}{3}\right)$ To add the fractions, find a common denominator (12): $1 - \left(\frac{3}{12} + \frac{4}{12}\right) = 1 - \frac{7}{12} = \frac{5}{12}$ 2. Set Up the Simple Interest Equation The formula for annual simple interest is $\text{Interest} = \text{Principal} \times \text{Rate}$. The sum of the interest from all three parts equals Rs. 510: $\left( \frac{1}{4}C \times \frac{8}{100} \right) + \left( \frac{1}{3}C \times \frac{7}{100} \right) + \left( \frac{5}{12}C \times \frac{10}{100} \right) = 510$ Simplify each term:
To make calculations easier, let's use a common denominator of 1200 for all terms: $\frac{24C}{1200} + \frac{28C}{1200} + \frac{50C}{1200} = 510$ $\frac{102C}{1200} = 510$ 3. Solve for Total Capital ($C$) $102C = 510 \times 1200$ $C = \frac{510 \times 1200}{102}$ Since $510 \div 102 = 5$: $C = 5 \times 1200$ $C = 6000$ Conclusion: The total capital invested by Mr. X is Rs. 6000. Correct Option: Rs. 6000 |