Question

An amount of rs. 100000 is invested in two types of shares. The first yields an interest of 9% p.A. And the second, 11% p.A. If the total interest at the end of one year is 9(3/4)%, then the amount invested in each share was

Answer 1

Answer:

Let the sum invested at 9% be Rs. x and that invested at 11% be Rs. (100000 - x).

Then,(

) + [

]

= (100000 *

*

)

<=>

=

= 9750

<=> 2x = (1100000 - 975000) = 125000

<=> x = 62500.

Sum invested at 9% = Rs. 62500.

Sum invested at 11% = Rs. (100000 - 62500) = Rs. 37500.