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Sudeep invested 1/8 of a certain sum at ...

Sudeep invested 1/8 of a certain sum at 5% p. a. for two years and 3/5 of the sum at 6% p. a. for two years and the remaining at 10% p.a. for two years. If the total interest received is Rs 1,674, then the total sum invested is:

A

Rs 12500

B

Rs 12,000

C

Rs 10,500

D

Rs, 13,000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these calculations: ### Step 1: Define the total sum Let the total sum invested be \( S \). We can express it as: \[ S = 800x \] ### Step 2: Calculate the amounts invested in different rates 1. **Amount invested at 5%**: \[ \text{Amount at 5%} = \frac{1}{8} S = \frac{1}{8} \times 800x = 100x \] 2. **Amount invested at 6%**: \[ \text{Amount at 6%} = \frac{3}{5} S = \frac{3}{5} \times 800x = 480x \] 3. **Remaining amount invested at 10%**: \[ \text{Remaining amount} = S - \left(100x + 480x\right) = 800x - 580x = 220x \] ### Step 3: Calculate the interest for each investment Using the formula for simple interest \( I = \frac{P \times R \times T}{100} \): 1. **Interest from 100x at 5% for 2 years**: \[ I_1 = \frac{100x \times 5 \times 2}{100} = 10x \] 2. **Interest from 480x at 6% for 2 years**: \[ I_2 = \frac{480x \times 6 \times 2}{100} = 57.6x \] 3. **Interest from 220x at 10% for 2 years**: \[ I_3 = \frac{220x \times 10 \times 2}{100} = 44x \] ### Step 4: Total interest received The total interest received is given as Rs. 1674: \[ I_1 + I_2 + I_3 = 1674 \] Substituting the values: \[ 10x + 57.6x + 44x = 1674 \] Combining like terms: \[ 111.6x = 1674 \] ### Step 5: Solve for x To find \( x \): \[ x = \frac{1674}{111.6} = 15 \] ### Step 6: Calculate the total sum invested Now substituting \( x \) back into the expression for \( S \): \[ S = 800x = 800 \times 15 = 12000 \] ### Final Answer The total sum invested is Rs. 12,000. ---
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