A sum of Rs. 20000 invested in two
parts at 8% per annum and at 12% per
annum. If the rate of interest on the
whole investment is 9% per annum,
then find the sum invested at 8% per
annum.
Answers
Let assume that
Sum invested at 8 % per annum = Rs x
and
Sum invested at 12 % per annum = Rs y
According to statement,
Total sum = Rs 20000
Case :- 1
Sum invested, p = Rs x
Time, n = 1 year
Rate of interest, r = 8 % per annum
We know,
Simple Interest on a certain sum of money Rs p invested at the rate of r % per annum for n years is
Thus,
Simple Interest in this case is
Case :- 2
Sum invested, p = Rs y
Time, n = 1 year
Rate of interest, r = 12 % per annum
We know,
Simple Interest on a certain sum of money Rs p invested at the rate of r % per annum for n years is
Thus,
Simple Interest in this case is
Case :- 3
Sum invested, p = Rs x + y
Time, n = 1 year
Rate of interest, r = 9 % per annum
We know,
Simple Interest on a certain sum of money Rs p invested at the rate of r % per annum for n years is
Thus,
Simple Interest in this case is
According to statement,
On substituting equation (2) in equation (1), we get
On substituting the value of y in equation (2), we get
Thus,
- Sum invested at 8 % per annum = Rs 9000
and
- Sum invested at 12 % per annum = Rs 3000