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A person invested in all ₹2600 at 4%.6% ...

A person invested in all ₹2600 at 4%.6% and 8% per annum simple interest. At the end of the year. he got the same interest in all the three cases. The money invested at 4% is :

A

₹200

B

₹600

C

₹800

D

₹1,200

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The correct Answer is:
To solve the problem step by step, we will denote the amounts invested at different interest rates as follows: - Let the amount invested at 4% be \( x \). - Let the amount invested at 6% be \( y \). - Let the amount invested at 8% be \( z \). Given that the total investment is ₹2600, we can write: \[ x + y + z = 2600 \] Since the interest earned from all three investments is the same at the end of the year, we can express the simple interest for each investment using the formula: \[ \text{Simple Interest} = \frac{\text{Principal} \times \text{Rate} \times \text{Time}}{100} \] For each investment, the interest can be expressed as: 1. Interest from \( x \) at 4%: \[ \text{Interest}_1 = \frac{x \times 4 \times 1}{100} = \frac{4x}{100} \] 2. Interest from \( y \) at 6%: \[ \text{Interest}_2 = \frac{y \times 6 \times 1}{100} = \frac{6y}{100} \] 3. Interest from \( z \) at 8%: \[ \text{Interest}_3 = \frac{z \times 8 \times 1}{100} = \frac{8z}{100} \] Since all three interests are equal, we can set them equal to each other: \[ \frac{4x}{100} = \frac{6y}{100} = \frac{8z}{100} \] Removing the common denominator of 100, we have: \[ 4x = 6y = 8z \] From these equations, we can express \( y \) and \( z \) in terms of \( x \): 1. From \( 4x = 6y \): \[ y = \frac{4x}{6} = \frac{2x}{3} \] 2. From \( 4x = 8z \): \[ z = \frac{4x}{8} = \frac{x}{2} \] Now we can substitute \( y \) and \( z \) back into the total investment equation: \[ x + \frac{2x}{3} + \frac{x}{2} = 2600 \] To solve this, we need a common denominator. The least common multiple of 3 and 2 is 6. Rewriting each term with a denominator of 6, we get: \[ x + \frac{4x}{6} + \frac{3x}{6} = 2600 \] Combining the fractions: \[ x + \frac{4x + 3x}{6} = 2600 \] This simplifies to: \[ x + \frac{7x}{6} = 2600 \] To eliminate the fraction, multiply the entire equation by 6: \[ 6x + 7x = 15600 \] Combining like terms: \[ 13x = 15600 \] Now, divide by 13: \[ x = \frac{15600}{13} = 1200 \] Thus, the amount invested at 4% is: \[ \boxed{1200} \]

To solve the problem step by step, we will denote the amounts invested at different interest rates as follows: - Let the amount invested at 4% be \( x \). - Let the amount invested at 6% be \( y \). - Let the amount invested at 8% be \( z \). Given that the total investment is ₹2600, we can write: ...
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IBPS & SBI PREVIOUS YEAR PAPER-SIMPLE INTEREST AND COMPOUND INTEREST -MCQs
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