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A certain sum was invested by a person o...

A certain sum was invested by a person on SI at 5% per annum. After 6 months he again made an investment of the same amount on SI at 6% per annum after. A certain period of time the amount received from both invest mentare equal. Which is Rs 4600. Find the sum he has invested in each investment.

A

4000

B

4500

C

3500

D

5000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the principal amount invested in each investment. Let's denote the principal amount as \( P \). ### Step 1: Understand the investments and their interest calculations 1. The first investment is at 5% per annum for a period of \( t_1 \) years. 2. The second investment is made after 6 months (or 0.5 years) at 6% per annum for a period of \( t_2 \) years. ### Step 2: Set up the equations for the amounts The total amount received from both investments is Rs 4600. - For the first investment: \[ A_1 = P + \text{SI}_1 = P + \left( \frac{P \times 5 \times t_1}{100} \right) \] - For the second investment: \[ A_2 = P + \text{SI}_2 = P + \left( \frac{P \times 6 \times t_2}{100} \right) \] ### Step 3: Set the amounts equal to each other Since both amounts are equal to Rs 4600: \[ A_1 = A_2 = 4600 \] ### Step 4: Express \( t_2 \) in terms of \( t_1 \) Since the second investment starts after 6 months, we can express \( t_2 \) as: \[ t_2 = t_1 - 0.5 \] ### Step 5: Substitute \( t_2 \) in the second amount equation Now we can write the equations: 1. For the first investment: \[ 4600 = P + \left( \frac{P \times 5 \times t_1}{100} \right) \] Simplifying gives: \[ 4600 = P \left(1 + \frac{5t_1}{100}\right) \] 2. For the second investment: \[ 4600 = P + \left( \frac{P \times 6 \times (t_1 - 0.5)}{100} \right) \] Simplifying gives: \[ 4600 = P \left(1 + \frac{6(t_1 - 0.5)}{100}\right) \] ### Step 6: Set the two equations equal to each other From the two equations we can set: \[ P \left(1 + \frac{5t_1}{100}\right) = P \left(1 + \frac{6(t_1 - 0.5)}{100}\right) \] ### Step 7: Cancel \( P \) (assuming \( P \neq 0 \)) \[ 1 + \frac{5t_1}{100} = 1 + \frac{6(t_1 - 0.5)}{100} \] ### Step 8: Solve for \( t_1 \) Subtracting 1 from both sides: \[ \frac{5t_1}{100} = \frac{6(t_1 - 0.5)}{100} \] Multiplying through by 100: \[ 5t_1 = 6(t_1 - 0.5) \] Expanding: \[ 5t_1 = 6t_1 - 3 \] Rearranging gives: \[ 6t_1 - 5t_1 = 3 \implies t_1 = 3 \text{ years} \] ### Step 9: Find \( t_2 \) Using \( t_1 \): \[ t_2 = t_1 - 0.5 = 3 - 0.5 = 2.5 \text{ years} \] ### Step 10: Substitute \( t_1 \) back to find \( P \) Using the first investment equation: \[ 4600 = P \left(1 + \frac{5 \times 3}{100}\right) \] \[ 4600 = P \left(1 + 0.15\right) = P \times 1.15 \] \[ P = \frac{4600}{1.15} = 4000 \] ### Final Answer The sum invested in each investment is Rs 4000. ---
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