Practicing Success
A sum of ₹25600 is invested on simple interest partly at 7% per annum and the remaining at 9% per annum. The total interest at the end of 3 years is ₹5832. How much money(in ₹) was invested at 9% per annum? |
18000 7600 9600 16000 |
7600 |
Principal = Rs 25600 Interest for 3 years= Rs 5832 Interest for 1 years = Rs \(\frac{5832}{3}\ = Rs 1944 Overall Rate of Interest = \(\frac{19944}{25600}\) × 100 = 7.6% By alligation:-
7 9 7.6%
( 9- 7.6) : ( 7.6-7 ) 1.4 : 0.6 7 : 3 The sum invested on 9% = \(\frac{3}{10}\) × 25600 = Rs 7600 ( approx) |