A person invested some amount at the rate of 10% simple interest and some other amount at the rate of 12% simple interest . He received yearly interest of rs 130 . But if he had interchanged the amount invested he would have received rs 4 more as interest how much amount did he invest at different rates
Answers
Let the amount that is invested ..be rupees x at rate of 12% and rupees y at rate of 10%.
NOW , ACCORDING TO QUESTION, WE HAVE
Simple interest on rupees x at 12% + Simple interest on rupees y at 10% =130
SINCE, SIMPLE INTEREST = ( principle × rate × time ) /100
(x × 12 × 1 ) /100 + ( y × 10 × 1 ) /100 = 130
12x + 13y = 13000 ( 1st equation )
AS HE HAVE INTERCHANGED THE AMOUNT INVESTED, he would have received 4 more on interest.
then, another equation will be :-
(x × 10 × 1) /100 + (y × 12 ×1) /100 = 130+4 = 134
therefore, 10x + 12y = 13400 ( 2nd equation )
MULTIPLYING EQUATION 1 BY 12 AND EQUATION 2 BY 10, WE GET
144x + 120y = 156000
100x + 120y = 134000
SUBTRACTING BOTH EQUATIONS, WE GET
x = 500
PUTTING VALUE OF X IN EQUATION 1 , we get
12 × 500 +10y = 13000
6000 + 10y = 13000
10y = 7000
y = 700
HENCE , AMOUNT INVESTED AT 12% IS 500 AND AMOUNT INVESTED AT 10% IS 700.
USING SIMPLE INTEREST FORMULA SI = ( P × R × T ) /100, we get
value of x = rupees 500
value of y = rupees 700
Answer:
value of x = rupees 500
value of y = rupees 700
Step-by-step explanation:
Let the amount that is invested ..be rupees x at rate of 12% and rupees y at rate of 10%.
NOW , ACCORDING TO QUESTION, WE HAVE
Simple interest on rupees x at 12% + Simple interest on rupees y at 10% =130
SINCE, SIMPLE INTEREST = ( principle × rate × time ) /100
(x × 12 × 1 ) /100 + ( y × 10 × 1 ) /100 = 130
12x + 13y = 13000 ( 1st equation )
AS HE HAVE INTERCHANGED THE AMOUNT INVESTED, he would have received 4 more on interest.
then, another equation will be :-
(x × 10 × 1) /100 + (y × 12 ×1) /100 = 130+4 = 134
therefore, 10x + 12y = 13400 ( 2nd equation )
MULTIPLYING EQUATION 1 BY 12 AND EQUATION 2 BY 10, WE GET
144x + 120y = 156000
100x + 120y = 134000
SUBTRACTING BOTH EQUATIONS, WE GET
x = 500
PUTTING VALUE OF X IN EQUATION 1 , we get
12 × 500 +10y = 13000
6000 + 10y = 13000
10y = 7000
y = 700
HENCE , AMOUNT INVESTED AT 12% IS 500 AND AMOUNT INVESTED AT 10% IS 700.
USING SIMPLE INTEREST FORMULA SI = ( P × R × T ) /100, we get
value of x = rupees 500
value of y = rupees 700