Question

# A person invested 3 times as much money at 5% as he had invested at 2% per annum simple interest. Further, he invested ₹ 6000 more at 3% than he had invested at 2%. If the total interest from the three investments after a year is ₹ 980, then the total amount he invested is

A

17600

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

18000

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

20000

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

26000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

## The correct option is D ₹ 26000 Let the amount invested at 2% be ₹ x. Given the interest from 3 investments after 1 year ∴3x×5100+2x100+(x+6000)×3100=980 20x+18,000=98,000 20x=80,000 x=4000 ∴Total amount he invested=3x+x+x+6000 =5x+6000 =₹ 26000

Suggest Corrections
0
Join BYJU'S Learning Program
Select...
Related Videos
Simple and Compound Interest
MATHEMATICS
Watch in App
Explore more
Join BYJU'S Learning Program
Select...