Practicing Success
₹5,000 is divided into two parts such that if one part is invested at 4% and the other at 5%, then the whole annual interest from both the sums is ₹223. How much was invested at 4% ? |
₹2,600 ₹2,700 ₹2,400 ₹2,300 |
₹2,700 |
Total principal (P) =5000 Let P1 = X i.e. invested at 4% and P2 = 5000 - X i.e. invested at 5% Interest = I and Time = T ATQ ⇒ I1 + I2= 223 ⇒ \(\frac{P_1\;×\;R_1\;×\;T_1}{100}\) + \(\frac{P_2\;×\;R_2\;×\;T_2}{100}\) = 223 ⇒ \(\frac{X\;×\;4\;×\;1}{100}\) + \(\frac{(5000-X)\;×\;5\;×\;1}{100}\) = 223 ⇒ \(\frac{4X}{100}\) + \(\frac{25000}{100}\) - \(\frac{5X}{100}\) = 223 ⇒ \(\frac{X}{100}\) = 250 - 223 ⇒ \(\frac{X}{100}\) = 27 ⇒ X = 2700 |