A man deposit a total amount of Rs. 65,000 in 3 banks A B and C at the rate of simple interest 12%, 16% and 18% respectively and earn a total SI of Rs. 10,180 in one year.
If the amount invested in bank A was 71(3/7)% of amoun 7 invest in bank C. Find the amount invested in bank B.
Answers
Answer:
21000Rs
Step-by-step explanation:
71 3/7%=5/7
A+C combined rate =15.5%
B=16%
15.5% [0% 0.5%]
SI= 65000*15.5/100=10075Rs
change in SI=10180-10075=105Rs
0.5% of B=105
100% of B=105*100/0.5=21000Rs
The amount invested in Bank B is Rs. 11122
Given:
A man deposit a total amount of Rs. 65,000 in 3 banks A B and C at the rate of simple interest of 12%, 16%, and 18% respectively and earn a total SI of Rs. 10,180 in one year.
The amount invested in bank A was 71(3/7)% of the amount invested in bank C.
To find:
Find the amount invested in bank B.
Solution:
Let's assume that the amount invested in Bank C is x.
Then the amount invested in Bank A = 71.43% of x = 0.7143x
Let 'y' be the amount invested by B
The total amount invested is Rs. 65,000
x + 0.7143x + y = 65,000
=> y = 65000 - 1.7143x ---- (1)
The total amount of simple interest earned in one year is Rs. 10,180.
Using the formula for simple interest:
SI = P × R × T / 100
Simple interest for (A) = 0.7143x × 12 × 1/100 = 0.0857x
Simple interest for (B) = y × 16 × 1 /100 = 0.16y
Simple interest for (C) = x × 18 × 1 /100 = 0.18x
Adding these equations
0.0857x + 0.16y + 0.18x = 10,180
On Simplifying we get:
0.267x + 0.16y = 10,180
Substituting the expression (1) for x value
0.267x + 0.16(65000 - 1.7143x ) = 10,180
Simplifying and solving for x, we get:
0.267x + 10400 - 0.274x = 10,180
=> - 0.007x = 10180 - 10400
=> 0.007x = 220
=> x = 31428.57
Substitute x in (1)
=> y = 65000 - 1.7143(31428.57)
=> y = 65000 - 53878
=> y = 11122
Therefore,
The amount invested in Bank B is Rs. 11122
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