Home
Class 14
MATHS
X invested an amount of Rs. 12000 at the...

X invested an amount of Rs. 12000 at the simple interest rate of 10% per annum and another amount at the simple interest rate of 20% per annum. The total interest earned at the end of one year on the total amount invested became 14% per annum. Find the total amount invested invested at 20%.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the concept of simple interest and the allegation method. ### Step 1: Understand the given information X invested Rs. 12,000 at a simple interest rate of 10% per annum and another amount at a simple interest rate of 20% per annum. The total interest earned at the end of one year on the total amount invested became 14% per annum. ### Step 2: Set up the variables Let the amount invested at 20% per annum be denoted as \( P_2 \). The total amount invested is: \[ P_1 + P_2 = 12000 + P_2 \] ### Step 3: Calculate the interest from both investments - Interest from the first investment (at 10%): \[ \text{Interest}_1 = \frac{P_1 \times \text{Rate}_1 \times \text{Time}}{100} = \frac{12000 \times 10 \times 1}{100} = 1200 \] - Interest from the second investment (at 20%): \[ \text{Interest}_2 = \frac{P_2 \times \text{Rate}_2 \times \text{Time}}{100} = \frac{P_2 \times 20 \times 1}{100} = \frac{20P_2}{100} = 0.2P_2 \] ### Step 4: Total interest earned The total interest earned from both investments at the end of one year is: \[ \text{Total Interest} = \text{Interest}_1 + \text{Interest}_2 = 1200 + 0.2P_2 \] ### Step 5: Set up the equation for total interest According to the problem, the total interest earned is 14% of the total amount invested: \[ \text{Total Interest} = 14\% \text{ of } (12000 + P_2) \] \[ 1200 + 0.2P_2 = \frac{14}{100} \times (12000 + P_2) \] ### Step 6: Simplify the equation Convert the percentage to a decimal: \[ 1200 + 0.2P_2 = 0.14 \times (12000 + P_2) \] Expanding the right side: \[ 1200 + 0.2P_2 = 1680 + 0.14P_2 \] ### Step 7: Rearranging the equation Now, rearranging the equation to isolate \( P_2 \): \[ 1200 - 1680 = 0.14P_2 - 0.2P_2 \] \[ -480 = -0.06P_2 \] Dividing both sides by -0.06: \[ P_2 = \frac{480}{0.06} = 8000 \] ### Step 8: Conclusion Thus, the total amount invested at 20% per annum is: \[ \boxed{8000} \]
Promotional Banner

Topper's Solved these Questions

  • RATIO & PROPORTION

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS|113 Videos
  • TIME & WORK

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS |82 Videos

Similar Questions

Explore conceptually related problems

Peter invested an amount of Rs 12,000 at the rate of 10 p.c.p.a. simple interest and another amount at the rate of 20 p.c.p.a. simple interest. The total interest earned at the end of one year on the total amount invested became 14 p.c.p.a. Find the total amount invested. (a) Rs 20,000 (b) Rs 22,000 (c) Rs 24,000 (d) Rs 25,000

If the rate of simple interest is 12% per annum, the amount the would fetch interest of Rs. 6000 per annum is :

A sum of Rs 1000 is invested at 8 % simple interest per annum .Find the interest at the end of 30 years .

A lends a loan amount of Rs 10,000 to B at a simple interest rate of 5% per annum for a year. What will be the total amount returned by B?

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-SIMPLE INTEREST -QUESTIONS
  1. A certain sum is invested for T years. It amounts to ₹ 400 at 10 % per...

    Text Solution

    |

  2. If simple interest on a certain sum of money for 4 years at 5% p.a. i...

    Text Solution

    |

  3. X invested an amount of Rs. 12000 at the simple interest rate of 10% p...

    Text Solution

    |

  4. The simple interest on a sum of money will be Rs. 600 after 10 years. ...

    Text Solution

    |

  5. P lent some money to Q at 5% per annum simple interest. Q lent the ent...

    Text Solution

    |

  6. Brinda borrowed Rs. 1000 to build a hut. She pays 5% simple interest ....

    Text Solution

    |

  7. Anand and Deepak started a business investing Rs. 22,500 and Rs. 35,00...

    Text Solution

    |

  8. Arun borrowed sum of money from Jayant in the following manner : At ...

    Text Solution

    |

  9. A person borrows Rs. 5000 for 2 years at 4% per annum simple interest ...

    Text Solution

    |

  10. Rs . 6000 becomes Rs, 7200 in 4 years. If the rate becomes 1.5 times o...

    Text Solution

    |

  11. A person lends 40% of his sum of money at 50% per annum, 50% of rest a...

    Text Solution

    |

  12. Ramesh deposited Rs 15600 in a fixed deposit at the rate of 10% per an...

    Text Solution

    |

  13. A sum of money at a certain rate per annum of simple interest doubles ...

    Text Solution

    |

  14. Out of Rs. 50,000, that a man has, he lends Rs. 8000 at 5""(1)/(2)% pe...

    Text Solution

    |

  15. A person invests 12000 as fixed deposit at a bank at the rate of 10% p...

    Text Solution

    |

  16. A person deposited Rs. 500 for 4 years and Rs, 600 for 3 years at the ...

    Text Solution

    |

  17. Rahul borrowed some money at the rate of 6% p.a. for the first three y...

    Text Solution

    |

  18. A and B borrowed Rs. 2000 and Rs. 3000 respectively at the same rate o...

    Text Solution

    |

  19. The simple interest on a sum of money is (8)/(25) of the sum. If the n...

    Text Solution

    |

  20. A man buys a TV priced at Rs. 16000. He pays Rs. 4000 at once and the ...

    Text Solution

    |