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PLEASE SOLVE
Answers
SOLUTION
Let the money invested in scheme A= Rs.x
& money invested in scheme B= Rs. y
Now schemes A and B offer Interest at the rate of 8% per annum and 9% per annum respectively and she received and annual Interest of Rs. 1860
This means 8% of x+9% of y= 1860
so,
.08x+.09y=1860..........(1)
Now if she interchange the amounts imvested in each scheme she will Rs. 20 more as an annual Interest.
That means 8% of y+9% of x= 1860+20
so,
.08y+.09x= 1880...........(2)
Now we solve (1) and (2) for x and y
and we get
x= 12000
y= 10000
So Money invested in scheme A= Rs.12000.
So Money invested in scheme A= Rs.12000.and money invested in scheme B= Rs.10000
Hope it helps ✔️❣️☺️
Question :-
Susan invested certain amount of money in two schemes A and B , which offers Interest at the rate of 8% per annum and 9% per annum respectively. She receives RS 1860 as annum Intrest . However , had she interchanged the amount of investment in two schemes , she would receive RS. 20 more as annum Intrest . How much money did she invested ?
Answer :-
As it's Given :-
▪️No of schemes = 2
▪️Rate of interest offered by scheme A = 8%
▪️Rate of interest offered by scheme B = 9%
▪️Annual Intrest received by her = RS. 1860
▪️Annual Intrest received by her when she exchanges the invested amount = Rs. 20 More
Now Let the amount invested in
▪️Scheme A be "x"
▪️And Scheme B be "y"
Then As
SI = (PRT)/100
Where
▪️P = Principle Amount
▪️R = Rate of interest
▪️T = Time period
When she invested "x" and "y" amount of money in A and B respectively..
→ 1860 = (x × 8 × 1)/100 + ( y × 9 × 1)/100
→1860 = 8x/100 + 9y/100
→ 0.8x + 0.9y = 1860 ....(i)
Now when she invested "y" and "x" amount of money in A and B respectively.
→1860 + 20 = ( y × 8 × 1)/100 + (x × 9 × 1)/100
→ 1880 = 8y/100 + 9x/100
→ 1880 = 0.9x + 0.8y ....(ii)
Now By 9 × (i) - 8 × (i)
7.2x + 8.1y = 16740
- 7.2x - 6.4y = - 15040
_______________________
1.7y = 1700
→ y = (1700) ÷ 1.7
→ y = 1000
Now by putting Value of y in equation (i)
→ 0.8x + 0.9(1000) = 1860
→0.8x + 900 = 1860
→ 0.8x = 1860 - 900
→ 0.8x = 960
→ x = (960) ÷ 0.8
→ x = 1200
So we have
Amount of money invested in Scheme A
= x
= 1200
Amount of money invested in Scheme B
= y
= 1000