divide rs 3600 into two parts such that if one part be lent at 9% per annum and the other at 10% per annum ,the total annual income is rs 333.
Answers
Question :-
Divide Rs 3600 into two parts such that if one part be lent at 9% per annum and the other at 10% per annum ,the total annual income is Rs 333.
Given that Rs 3600 into two parts such that if one part be lent at 9% per annum and the other at 10% per annum, the total annual income is Rs 333.
Let assume that
First part be Rs x
Second part be Rs 3600 - x
Now, According to statement, Rs x is invested at rate of 9 % per annum.
So, annual income received,
According to statement again, Rs 3600 - x is invested at the rate of 10 % per annum.
So, annual income received,
According to statement again,
Hence,
First part invested at the rate of 9 % = Rs 2700
Second part invested at the rate of 10 % = Rs 900
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Additional Information
1. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded annually for n years is given by
2. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded semi - annually for n years is given by
3. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded quarterly for n years is given by
4. Amount received on a certain sum of money of Rs P invested at the rate of r % per annum compounded monthly for n years is given by
5. Simple Interest received on a certain sum of money of Rs P invested at the rate of r % per annum for n years is given by
Answer:
Given :-
- One part be lent at 9% per annum and the other at 10% per annum, the total income is Rs 333.
To Find :-
- Divide Rs 3600 into two parts.
Formula Used :-
Simple Interest or S.I Formula :
where,
- S.I = Simple Interest
- P = Principal
- r = Rate of Interest
- t = Time Period
Solution :-
Let,
One part of lent at 9% per annum.
Given :
- Principal = Rs x
- Rate of Interest = 9% per annum
- Time Period = 1 year
According to the question by using the formula we get,
The other part at 10% per annum.
Given :
- Principal = Rs (3600 - x)
- Rate of Interest = 10% per annum
- Time Period = 1 year
According to the question by using the formula we get,
Now, according to the question,
The total income is Rs 333.
By doing cross multiplication we get,
Hence, the required parts are :
✯ First Part :
➳ First Part = Rs x
➳ First Part = Rs 2700
✯ Other Part :
➳ Other Part = Rs (3600 - x)
➳ Other Part = Rs (3600 - 2700)
➳ Other Part = Rs 900
The two parts of Rs 3600 are 2700 and 900 .