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Answers
Let we assume that
Sum invested at the rate of 12 % per annum be Rs x
Sum invested at the rate of 10 % per annum be Rs y
According to statement,
Annual interest earned = Rs 1145
We know,
Interest received on a sum of Rs p invested at the rate of r % per annum for n years is
So, we get
According to second condition
Sum invested at the rate of 12 % per annum be Rs y
Sum invested at the rate of 10 % per annum be Rs x
According to statement,
Annual interest earned = Rs 1055
So,
Now, On adding equation (1) and (2), we get
On Subtracting equation (2) from equation (1), we get
On adding equation (3) and (4), we get
On substituting the value of x in equation (3), we get
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
So,
Sum invested at the rate of 12 % per annum be Rs 7250
Sum invested at the rate of 10 % per annum be Rs 2750