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Alok lent out a certain sum. He lent 1/3...

Alok lent out a certain sum. He lent 1/3 part of his sum at 7% SI, 1/4 part at 8% SI and remaining part at 10% SI. If 510 is his total interest, then find the money lent out.

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To solve the problem step by step, we will first define the total amount of money Alok lent out as \( X \). ### Step 1: Define the parts of the total amount lent Alok lent: - \( \frac{1}{3} \) of \( X \) at 7% Simple Interest (SI) - \( \frac{1}{4} \) of \( X \) at 8% SI - The remaining amount at 10% SI ### Step 2: Calculate the amounts lent at each interest rate 1. Amount lent at 7%: \[ \text{Amount at 7%} = \frac{X}{3} \] \[ \text{Interest from this amount} = \frac{X}{3} \times \frac{7}{100} = \frac{7X}{300} \] 2. Amount lent at 8%: \[ \text{Amount at 8%} = \frac{X}{4} \] \[ \text{Interest from this amount} = \frac{X}{4} \times \frac{8}{100} = \frac{8X}{400} = \frac{2X}{100} = \frac{2X}{50} = \frac{4X}{200} \] 3. Remaining amount lent at 10%: \[ \text{Remaining amount} = X - \left(\frac{X}{3} + \frac{X}{4}\right) \] To combine \( \frac{X}{3} \) and \( \frac{X}{4} \), we find a common denominator, which is 12: \[ \frac{X}{3} = \frac{4X}{12}, \quad \frac{X}{4} = \frac{3X}{12} \] \[ \text{Total amount lent at 7% and 8%} = \frac{4X}{12} + \frac{3X}{12} = \frac{7X}{12} \] \[ \text{Remaining amount} = X - \frac{7X}{12} = \frac{5X}{12} \] \[ \text{Interest from this amount} = \frac{5X}{12} \times \frac{10}{100} = \frac{5X}{120} = \frac{X}{24} \] ### Step 3: Set up the equation for total interest The total interest from all parts is given as 510: \[ \frac{7X}{300} + \frac{2X}{50} + \frac{X}{24} = 510 \] ### Step 4: Find a common denominator and solve for \( X \) The least common multiple (LCM) of 300, 50, and 24 is 600. We will convert each term to have a denominator of 600: 1. Convert \( \frac{7X}{300} \): \[ \frac{7X}{300} = \frac{14X}{600} \] 2. Convert \( \frac{2X}{50} \): \[ \frac{2X}{50} = \frac{24X}{600} \] 3. Convert \( \frac{X}{24} \): \[ \frac{X}{24} = \frac{25X}{600} \] Now, we can combine these: \[ \frac{14X + 24X + 25X}{600} = 510 \] \[ \frac{63X}{600} = 510 \] ### Step 5: Solve for \( X \) Multiply both sides by 600: \[ 63X = 510 \times 600 \] \[ 63X = 306000 \] \[ X = \frac{306000}{63} = 4857.14 \approx 4860 \] ### Conclusion The total amount of money lent out by Alok is approximately \( 4860 \).
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ARIHANT SSC-SIMPLE INTEREST-(EXERCISE-C)(HIGHER SKILL LEVEL QUESTION)
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