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David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and the amount invested in Scheme C was 150% of the amount invested in Scheme A and 240% of the amount invested in Scheme B, what was the amount invested in Scheme B?
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Let x , y and x be his investments in A, B and C respectively. Then Interest on x at 10% for 1 year + Interest on y at 12% for 1 year + Interest on z at 15% for 1 year = 3200 [(x×10×1)/100] +[(y×12×1)/100]+[(z×15×1)/100]=3200 ⇒10x+12y+15z=320000−−−(1) Amount invested in Scheme C was 240% of the amount invested in Scheme B =>z=240y/100=60y/25=12y/5−−−(2) Amount invested in Scheme C was 150% of the amount invested in Scheme A =>z=150x/100=3x/2=>x=2z/3=(2/3)×(12y/5) = 8y/5−−(3) From(1),(2) and (3), 10x + 12y + 15z = 320000 10(8y/5)+12/y+15(12/y5)=320000 16y+12y+36y=320000 64y=320000 y=320000/64=10000/2=5000 i.e.,Amount invested in Scheme B = Rs.5000
A sum of Rs. 1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is?
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Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in scheme B?
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A sum of money lent at C.I. annually gives Rs. 250 and Rs. 300 as interest in the first and the 2nd year. Find the rate of interest?
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The price of a T.V. set worth Rs. 20,000 is to be paid in 20 instalments of Rs. 1000 each. If the rate of interest be 6% per annum, and the first instalment be paid at the time of purchase, then the value of the last instalment covering the interest as well will be ?
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