1. A man invested ₹3500, part of it in a yearly interest rate of 4% and the
rest at 5%. He receives a total annual interest of ₹153. How much did he
invest at each rate? [Answer: ₹2200 at 4% and ₹1300 at 5%]
Answers
Solution :
A man invested Rs.3500, part of it in a yearly interest rate of 4% and the rest at 5%. He receives a total annual interest of Rs.153.
He invest at each rate.
Let the man invest in a yearly interest rate 4% p.a = Rs. r
Let the man invest in a yearly interest rate 5% p.a = Rs.(3500-r)
We know that formula of the Simple Interest :
&
A/q
Thus;
The man invest in a yearly interest rate 4% p.a = Rs.2200.
The man invest in a yearly interest rate 5% p.a = Rs.(3500-2200)
The man invest in a yearly interest rate 5% p.a = Rs.1300.
Given:
A man invested ₹3500, part of it in a yearly interest rate of 4% and the rest at 5%. He receives a total annual interest of ₹153.
To find:
He invest at each rate.
Explanation:
Let the man invest in a yearly interest rate 4% p.a = Rs r
Let the man invest in a yearly interest rate 5% p.a = Rs (3500 - r)
We know that formula of the simple interest:
simple interest (S.I.) = p × r × t /100
• principal (p) = Rs. r
• Rate (r) = 4%
• Time (t) = 1 year
&
• principal (p) = Rs. (3500 - r)
• Rate (r) = 5%
• Time (t) = 1 year
A.T.Q
r × 4 × 1 /100 = (3500 - r) × 5 × 1 / 100 = 153
r × 4 / 100 = (3500 - r) × 5 × 1 / 100 = 153
4r/100 + 17500 - 5r /100 = 153
4r/100 - 5r/100 + 175 = 153
-r/100 = 153 - 175
-r/100 = -22
-r = -22 × 100
r = 2000
Thus,
The man invest in a yearly interest rate 4% p.a = Rs 2200
The man invest in a yearly interest rate 5% p.a = Rs (3500 - 2200)
= Rs 1300
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