Manu invested 30% of his capital in petrol bonds and rest in life insurance plan. he has invested rs.34000 more in life insurance plan than in petrol bonds. how much the total investment made by manu?
Answers
Let the total capital invested by Manu is Rs. 100X.
He invested 30% of his capital in petrol bonds, so 30x.
And the rest in life insurance plan, so 100-30x= 70x.
According to the statement,
3x+34000= 70x.
34000 = 70x- 30x.
34000 = 40x
34000/40= x
X= 34000/40
X= 850.
The total capital invested by Manu was 100x.
So, 100x X
100x 850= 85000.
The total investment made by Manu is Rs. 85000.
Answer:
85000
Explanation:
Complete step-by-step answer:
Let us assume the total capital of Manu as x.
Manu has invested 30% of his capital in petro bonds and the rest in a life insurance plan.
In case of percentage, we need to convert the denominator of the fraction into 100.
The numerator of the fraction with denominator being 100 will be the solution of the problem.
Therefore, 30% can be written as 30100.
Manu invested 30100×x=3x10 in petro bonds. The remaining he invested in a life insurance plan.
The remaining amount is x−3x10=7x10.
It is given that he has invested Rs. 34000 more in life insurance plan than in petro bonds.
Therefore, 7x10 is 34000 greater than 3x10.
So, 7x10−3x10=34000.
Simplifying we get
7x10−3x10=34000⇒4x10=34000⇒x=34000×104=85000
The total investment was of Rs. 85000.
So, the correct answer is “Rs. 85000