Home
Class 14
MATHS
A certain sum of money is invested in tw...

A certain sum of money is invested in two parts at the rate of 1`6(2)/(3)%` per annum compounded annually for 7 years and 10 years respectively. If amount received on both investement is equal. If difference between their investment is ₹ 2540. Then find the total investment.

A

₹11180

B

₹ 10062

C

₹12298

D

₹ 12700

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the details provided in the video transcript and break it down into manageable parts. ### Step 1: Understand the Rate of Interest The rate of interest given is \( 16 \frac{2}{3} \% \) per annum. We can convert this to a fraction: \[ 16 \frac{2}{3} \% = \frac{50}{3} \% = \frac{50}{300} = \frac{1}{6} \] ### Step 2: Set Up the Problem Let the two investments be \( P_A \) and \( P_B \) such that: - \( P_A \) is invested for 7 years. - \( P_B \) is invested for 10 years. According to the problem, the amounts received from both investments are equal: \[ P_A \left(1 + \frac{1}{6}\right)^7 = P_B \left(1 + \frac{1}{6}\right)^{10} \] ### Step 3: Simplify the Equation We can express \( 1 + \frac{1}{6} \) as \( \frac{7}{6} \): \[ P_A \left(\frac{7}{6}\right)^7 = P_B \left(\frac{7}{6}\right)^{10} \] Dividing both sides by \( \left(\frac{7}{6}\right)^7 \): \[ P_A = P_B \left(\frac{7}{6}\right)^{3} \] ### Step 4: Express the Difference Between Investments We know the difference between the two investments is ₹2540: \[ P_A - P_B = 2540 \] Substituting \( P_A \) from the previous equation: \[ P_B \left(\frac{7}{6}\right)^{3} - P_B = 2540 \] ### Step 5: Factor Out \( P_B \) Factoring out \( P_B \): \[ P_B \left(\left(\frac{7}{6}\right)^{3} - 1\right) = 2540 \] ### Step 6: Calculate \( \left(\frac{7}{6}\right)^{3} \) Calculating \( \left(\frac{7}{6}\right)^{3} \): \[ \left(\frac{7}{6}\right)^{3} = \frac{343}{216} \] Thus, \[ \frac{343}{216} - 1 = \frac{343 - 216}{216} = \frac{127}{216} \] ### Step 7: Substitute Back Now substituting back into the equation: \[ P_B \left(\frac{127}{216}\right) = 2540 \] Solving for \( P_B \): \[ P_B = 2540 \cdot \frac{216}{127} \] ### Step 8: Calculate \( P_B \) Calculating \( P_B \): \[ P_B = 2540 \cdot \frac{216}{127} = 2540 \cdot 1.7007874 \approx 4320 \] ### Step 9: Find \( P_A \) Now substituting \( P_B \) back to find \( P_A \): \[ P_A = P_B \left(\frac{7}{6}\right)^{3} = 4320 \cdot \frac{343}{216} \approx 6480 \] ### Step 10: Find Total Investment The total investment \( P_A + P_B \): \[ Total = P_A + P_B = 6480 + 4320 = 10800 \] ### Final Answer The total investment is ₹10800. ---
Promotional Banner

Topper's Solved these Questions

  • CO-ORDINATE GEOMATRY

    MOTHERS|Exercise OBJECTIVE QUESTION|72 Videos
  • DATA INTERPRETATION

    MOTHERS|Exercise MULTIPLE CHOICE QUESTIONS|372 Videos

Similar Questions

Explore conceptually related problems

An amount of Rs. 14,000 is invested at the rate of 20% compounded annually for 2 years. Find the sum received after 2 years.

Find the compound interest paid when a sum of Rs 10,000 is invested for 1 year and 3 months at 8(1)/(2)% per annum compounded annually.

A certain sum of money is invested at the rate of 10% per annum compound interest,the interest compounded annually.If the difference between the interests of third year and first year is 1,105 ,find the sum invested.

If Rs 1000 is invested for two years at simple interest at the rate of 12.5% per annum, then what is the amount ?

A sum of money invested for 2 years at 20% compounded annually and similar money invested for 3 years on simple interest at 10% per annum. If the difference between interests is Rs. 280, then find the sum of money.

Rs. 16000 invested at 10% per annum compounded semi-annually amounts to Rs. 18522. The period of investment is

MOTHERS-COMPOUND INTEREST-CLASS ROOM EXERCISES
  1. ₹ 8454 is invested in two parts at the rate of 12% per annum compounde...

    Text Solution

    |

  2. 50460 is divided in two parts A and B such that amount after 8 years o...

    Text Solution

    |

  3. A certain sum of money is invested in two parts at the rate of 16(2)/(...

    Text Solution

    |

  4. The ratio of two amounts is 4 : 5. If they are lent out at compound in...

    Text Solution

    |

  5. A building is made of cost ₹ 2,19,700 at a plot of cost 51200. If the ...

    Text Solution

    |

  6. The compound interest on a certain sum in 6 years is 4000 and compound...

    Text Solution

    |

  7. The compound interest of a sum in 8 years is ₹400 and compound interes...

    Text Solution

    |

  8. Compound interest on a certain sum at a cer tain rate at the end of tw...

    Text Solution

    |

  9. A person deposited a certain money in bank. Bank offers him 10% per an...

    Text Solution

    |

  10. A man borrows₹6000 at 10% compound rate of interest. At the end of eac...

    Text Solution

    |

  11. Ratio between capital lent for 2 year com pounded annually and for 4 y...

    Text Solution

    |

  12. Rs 1800 is given at 20% per annum SI while Rs (1800-P) isgiven at 30% ...

    Text Solution

    |

  13. There is 100% increase in an amount in 15 year at simple interest. Fin...

    Text Solution

    |

  14. If the CI on a certain sum for 3 years at 10% is 500, then find the si...

    Text Solution

    |

  15. ₹20000 was invested by Mahesh in a FD 10% per annum at CI. However eve...

    Text Solution

    |

  16. A man closes his bank account by withdraw ing₹ 72,000. He withdraw₹360...

    Text Solution

    |

  17. Amit borrowed ₹ 800 at 10% rate of interest. He repaid ₹ 400 at the en...

    Text Solution

    |

  18. Hemant borrows ₹4000 at a rate of compund interest 5% per annum. After...

    Text Solution

    |

  19. Kamal borrowed ₹6,800 and paid back in two annual installments. If the...

    Text Solution

    |

  20. A certain sum borrowed at 5% per annum com pound interest and paid bac...

    Text Solution

    |