Bhagwanti inherited Rs 12000.00. She invested a part of it as 10% and the rest at 12%. Her annual income from these investments is Rs 1280.00. How much did she invest at each rate?
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Answer:
Bhagwanti invested Rs.8000 at 10% and Rs. 4000 at 12%.
Step-by-step explanation:
Let's consider the amt she invested at 10%. as x.
So, annual interest for this investment is
x×1×10/100= x/10= 0.1x
Similarly, interest for other investment is 0.12y
0.1x + 0.12y = 1280
0.1x = 1280-0.12y
x = (1280-0.12y) /0.1
x = (1280-0.12y)×10
x = 12800-1.2y => Eq. 1
Also, x+y = 12000
Substituting x using Eq. 1
12800-1.2y+y = 12000
12800-0.2y = 12000
12800-12000 = 0.2y
0.2y = 800
y = 800/0.2
y = 800×5
y = 4000
Since, x+y = 12000
x+4000 = 12000
x = 12000-4000
x = 8000
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