Finding CI When Rate Compounded Anually or Semi - Anually
A man earns ...
Question
A man earns x% on the first Rs. 2,000 and y% on the rest of his income. If he earns Rs.700 from Rs. 4,000 and Rs. 900 from Rs. 5,000 of income, find x%.
A
20 %
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B
15 %
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C
25 %
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D
None of these
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Solution
The correct option is B 15 % According to the question ⇒2000(x100)+(4000−2000)(y100)=700 ⇒2000(x100)+2000(y100)=700........eq1 ⇒2000(x100)+(5000−2000)(y100)=900 ⇒2000(x100)+3000(y100)=900......eq2 multiply eq1 by 3 and eq2 by 2 and substract ⇒2000×x100=300 ⇒x=300×100200=15 Hence x%=15%