CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

A person invested 3 times as much money in a scheme giving 5% per annum simple interest than he invested in a scheme giving 2% per annum simple interest. Further, he invested Rs. 6000 more in a scheme giving 3% per annum simple interest than he invested in a scheme giving 2% per annum simple interest. If the total interest from the three investments after a year is Rs. 980, then what is the total amount he invested?


  1. Rs. 17600

  2. Rs. 18000

  3. Rs. 20000

  4. Rs. 26000


Solution

The correct option is D

Rs. 26000


Let the amount invested at 2% be rupees 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 invested=3x+x+x+6000
=5x+6000
= Rs. 26000 

flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
View More


People also searched for
View More



footer-image