Home
Class 14
MATHS
P and Q invested Rs 5400 and Rs 7200 for...

P and Q invested Rs 5400 and Rs 7200 for 4 years and 3 years respectively. It the total simple interest received by both of them is Rs 3456 and the rate charged by them in the ratio of `3:5`. At what rate did P invest the money.

A

0.06

B

0.075

C

0.1

D

`12.5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for Simple Interest (SI) and the information provided in the question. ### Step 1: Understand the given information - P's investment (Principal, P1) = Rs 5400 - Q's investment (Principal, P2) = Rs 7200 - Time for P (T1) = 4 years - Time for Q (T2) = 3 years - Total Simple Interest (SI_total) = Rs 3456 - Rate of interest for P and Q is in the ratio of 3:5. ### Step 2: Set up the equations for Simple Interest The formula for Simple Interest is: \[ \text{SI} = \frac{P \times R \times T}{100} \] For P: \[ \text{SI}_P = \frac{5400 \times R_1 \times 4}{100} \] For Q: \[ \text{SI}_Q = \frac{7200 \times R_2 \times 3}{100} \] ### Step 3: Express the rates in terms of a variable Let the rate for P be \( R_1 = 3x \) and for Q be \( R_2 = 5x \) (since the ratio is 3:5). ### Step 4: Substitute the rates into the Simple Interest equations Substituting \( R_1 \) and \( R_2 \) into the SI equations: \[ \text{SI}_P = \frac{5400 \times 3x \times 4}{100} = \frac{64800x}{100} = 648x \] \[ \text{SI}_Q = \frac{7200 \times 5x \times 3}{100} = \frac{108000x}{100} = 1080x \] ### Step 5: Set up the total Simple Interest equation Now, we know that: \[ \text{SI}_P + \text{SI}_Q = 3456 \] Substituting the values we found: \[ 648x + 1080x = 3456 \] \[ 1728x = 3456 \] ### Step 6: Solve for x To find \( x \): \[ x = \frac{3456}{1728} = 2 \] ### Step 7: Find the rates for P and Q Now substitute \( x \) back to find the rates: - For P: \[ R_1 = 3x = 3 \times 2 = 6\% \] - For Q: \[ R_2 = 5x = 5 \times 2 = 10\% \] ### Final Answer The rate at which P invested the money is **6%**. ---
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

Simple interest on Rs 7200 for 3 years is Rs 1080. Find the rate of interest

What should be the simple interest obtained on an amount of rs 5,760 at the rate of 6% p.a. after 3 years?

Rs 775, invested for 8 years an interest of Rs 434. The rate of simple interest per annum is :

A person deposited Rs. 500 for 4 years and Rs, 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was :

Ram invested Rs. 8000 at R% for 2 years. Amount received is again invested in scheme B at 12.5% for 1 years. Total interest received is Rs. 3700. Find the value of R.

A certain sum of money amounts to Rs 4200 in 3 years and to Rs 6000 in 6 years at simple interest. Find the rate of interest.

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-SIMPLE INTEREST -QUESTIONS
  1. A person deposited Rs. 500 for 4 years and Rs, 600 for 3 years at the ...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  6. A lends Rs. 2500 to B and a certain sum to C at the same time at 7% pe...

    Text Solution

    |

  7. Karan started a business investing Rs 29000. After five months, Satish...

    Text Solution

    |

  8. The rate of simple interest in two banks A and B are in the ratio 5:4 ...

    Text Solution

    |

  9. In what time will Rs. 8100 produce the same income at 3% as Rs. 225 in...

    Text Solution

    |

  10. Nikhil invested certain amount in three different schemes A,B and C wi...

    Text Solution

    |

  11. Out of a sum of Rs. 625, a part was lent at 5% SI and the other at 10%...

    Text Solution

    |

  12. The simple interest on Rs. 1820 from 9 October 2003 to 21 December 200...

    Text Solution

    |

  13. Rs.800 becomes Rs.956 in 3 years at a certain rate of simple interest....

    Text Solution

    |

  14. Ram borrowed a sum of Rs. 12000 at 15% per annum from a money lender o...

    Text Solution

    |

  15. P took Rs. 7500 loan at a certain rate of simple interest per annum an...

    Text Solution

    |

  16. Rs 1200 was divided into two parts and first was lent out at 8% per a...

    Text Solution

    |

  17. Rs 19400 is divided into two parts. First part is lent out at 8% per a...

    Text Solution

    |

  18. Q lent out a certain amount at 6% per annum for 2 years and another at...

    Text Solution

    |

  19. P and Q invested Rs 5400 and Rs 7200 for 4 years and 3 years respectiv...

    Text Solution

    |

  20. P took a loan of Rs 50000 at 6(1)/(2)% per annum for three years. And ...

    Text Solution

    |