Home
Class 14
MATHS
Vikram invests some money in three diffr...

Vikram invests some money in three diffrerent schemes for 4 years. 8 years and 12 years at 10%.15% and 20% Simple Interest respectively. At the completion of each scheme. he gets the same interest. The ratio of his investments is

A

`6:2:1`

B

`5:2:1`

C

`5:2:3`

D

`5:2:7`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the ratio of Vikram's investments in three different schemes based on the simple interest earned from each scheme. Let's denote his investments in the three schemes as \( x_1 \), \( x_2 \), and \( x_3 \). ### Step-by-Step Solution: 1. **Identify the parameters for each investment:** - For the first investment \( x_1 \): - Time = 4 years - Rate = 10% - Interest = \( I_1 = \frac{x_1 \times 10 \times 4}{100} = \frac{40x_1}{100} = 0.4x_1 \) - For the second investment \( x_2 \): - Time = 8 years - Rate = 15% - Interest = \( I_2 = \frac{x_2 \times 15 \times 8}{100} = \frac{120x_2}{100} = 1.2x_2 \) - For the third investment \( x_3 \): - Time = 12 years - Rate = 20% - Interest = \( I_3 = \frac{x_3 \times 20 \times 12}{100} = \frac{240x_3}{100} = 2.4x_3 \) 2. **Set the interest amounts equal:** Since Vikram receives the same interest from all three investments, we have: \[ 0.4x_1 = 1.2x_2 = 2.4x_3 \] 3. **Express \( x_1 \), \( x_2 \), and \( x_3 \) in terms of a common variable:** - From \( 0.4x_1 = 1.2x_2 \): \[ x_1 = \frac{1.2}{0.4} x_2 = 3x_2 \] - From \( 1.2x_2 = 2.4x_3 \): \[ x_2 = \frac{2.4}{1.2} x_3 = 2x_3 \] 4. **Substituting back to find relationships:** - Substitute \( x_2 = 2x_3 \) into \( x_1 = 3x_2 \): \[ x_1 = 3(2x_3) = 6x_3 \] 5. **Now we have the relationships:** - \( x_1 = 6x_3 \) - \( x_2 = 2x_3 \) 6. **Express the ratio \( x_1 : x_2 : x_3 \):** - Let \( x_3 = 1 \) (for simplicity), - Then \( x_1 = 6 \) and \( x_2 = 2 \). - Therefore, the ratio \( x_1 : x_2 : x_3 = 6 : 2 : 1 \). ### Final Answer: The ratio of Vikram's investments is \( 6 : 2 : 1 \).

To solve the problem, we need to find the ratio of Vikram's investments in three different schemes based on the simple interest earned from each scheme. Let's denote his investments in the three schemes as \( x_1 \), \( x_2 \), and \( x_3 \). ### Step-by-Step Solution: 1. **Identify the parameters for each investment:** - For the first investment \( x_1 \): - Time = 4 years - Rate = 10% ...
Promotional Banner

Topper's Solved these Questions

  • SERIES

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQs|280 Videos
  • SIMPLIFICATION

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|332 Videos

Similar Questions

Explore conceptually related problems

A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 percent, 12 percent and 15 percent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investments is (a) 2:3:4 (b) 4:3:2 (c) 3:4:6 (d) 6:3:2

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 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:

Nikhil invested certain amount in three different schemes A,B and C with the rate of interest 10% per annum, 12% per annum and 15% per annum, respectively., if the toal interest 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? ?

A person invested a total sum of Rs. 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs.) invested at 3%?

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 ? (a) Rs 5000 (b) Rs 6500 (c) Rs 8000 (d) Cannot be determined

IBPS & SBI PREVIOUS YEAR PAPER-SIMPLE INTEREST AND COMPOUND INTEREST -MCQs
  1. A person makes a fixed deposit of Rs.20000 in Bank of India for 3 year...

    Text Solution

    |

  2. ₹6000 becomes ₹7200 in 3 years at a certain rate of compound interest....

    Text Solution

    |

  3. Vikram invests some money in three diffrerent schemes for 4 years. 8 y...

    Text Solution

    |

  4. A sum of rupees 3903 is divided between P and Q such that the share of...

    Text Solution

    |

  5. Ankita borrows Rs.7000 at simple Interest from a lende. At the end of ...

    Text Solution

    |

  6. The differnce between compound interest compounded every 6 months and ...

    Text Solution

    |

  7. A certain sum of money at certain rate of interest becomes ₹3420 after...

    Text Solution

    |

  8. A sum of money becomes ₹35,280 after 2 years and ₹37.044 after 3 years...

    Text Solution

    |

  9. A certain sum of money amounts to Rs. 2900 at 4 % per annum in 4 ye...

    Text Solution

    |

  10. A sum of ₹94.00 is borrowed at 20 % per annum compounded annually. If ...

    Text Solution

    |

  11. A man invested ₹4000 in a scheme giving 20% p.a. compound interest for...

    Text Solution

    |

  12. Ramesh had a sum of money .Two-third of the total money he invested in...

    Text Solution

    |

  13. saket has deposited a certain amount in the bank to earn compound inte...

    Text Solution

    |

  14. A sum of ₹5500 is invested in two parts in simple interest such that ...

    Text Solution

    |

  15. The difference between simple interest and compound. Interest at the r...

    Text Solution

    |

  16. A man invested a certain sum in scheme A at 20% p.a. for 3 years and e...

    Text Solution

    |

  17. The S.I on a sum for the period of 2 years at 8 % P.a is ₹225 less tha...

    Text Solution

    |

  18. A sum becomes 1.6 times of itself in five years at simple rate of inte...

    Text Solution

    |

  19. Ramesh invested two equal amounts in two different schemes. In the fir...

    Text Solution

    |

  20. The differnce between C.I and S.I. On a certain sum at the rate of 10%...

    Text Solution

    |