Home
Class 14
MATHS
A man invests half his capitial at the ...

A man invests half his capitial at the rate of 10% per annum. One third at 9% and the rest at 12% per annum. The average rate of interset per annum. Which he gets, is

A

0.09

B

0.1

C

10.5%

D

0.12

Text Solution

AI Generated Solution

The correct Answer is:
To find the average rate of interest per annum from the investments made by the man, we will follow these steps: ### Step 1: Define the total capital Let the total capital be \( C = 100 \) (this simplifies calculations). ### Step 2: Calculate the amounts invested at different rates - Half of the capital is invested at 10%: \[ \text{Amount at 10%} = \frac{1}{2} \times 100 = 50 \] - One third of the capital is invested at 9%: \[ \text{Amount at 9%} = \frac{1}{3} \times 100 = \frac{100}{3} \approx 33.33 \] - The rest of the capital is invested at 12%. First, we need to find out how much is left after investing in the first two parts: \[ \text{Remaining amount} = 100 - 50 - \frac{100}{3} = 100 - 50 - 33.33 = 16.67 \] This amount is invested at 12%. ### Step 3: Calculate the interest from each investment - Interest from the amount invested at 10%: \[ \text{Interest at 10%} = 50 \times \frac{10}{100} = 5 \] - Interest from the amount invested at 9%: \[ \text{Interest at 9%} = \frac{100}{3} \times \frac{9}{100} = \frac{9}{3} = 3 \] - Interest from the amount invested at 12%: \[ \text{Interest at 12%} = 16.67 \times \frac{12}{100} = 2 \] ### Step 4: Calculate the total interest earned Now, we sum up all the interests earned: \[ \text{Total Interest} = 5 + 3 + 2 = 10 \] ### Step 5: Calculate the average rate of interest The average rate of interest can be calculated using the formula: \[ \text{Average Rate} = \frac{\text{Total Interest}}{\text{Total Capital}} \times 100 \] Substituting the values: \[ \text{Average Rate} = \frac{10}{100} \times 100 = 10\% \] ### Final Answer The average rate of interest per annum is **10%**. ---
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTERSET

    KIRAN PUBLICATION|Exercise TEST YOURSELF|25 Videos
  • SIMPLE INTERSET

    KIRAN PUBLICATION|Exercise TYPE - V|9 Videos
  • SEQUENCE AND SERIES

    KIRAN PUBLICATION|Exercise TEST YOURSELF |20 Videos
  • SIMPLIFICATION

    KIRAN PUBLICATION|Exercise TEST YOURSELF|25 Videos

Similar Questions

Explore conceptually related problems

A person invested one-fifth of the capital at 5% per annum, one-sixth of the capital at 6% per annum and the rest at 10% per annum simple interest. If the annual interest received on his investment is Rs. 150, then find the capital. (in Rs. )

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%.

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

If the rate of interest is 20% per annum compounded in every 6 months, then what is the effective rate of interest per annum?

A person invested a sum of Rs. 25,000 partly at 10% per annum simple interset and the rest at 12% per annum simple interset At the end of 2 years, the total interset received was Rs 5,640. The difference (in Rs) between the two parts of the sum is :

KIRAN PUBLICATION-SIMPLE INTERSET-TYPE - VI
  1. What equal installment of annual payment will discharge debit is due a...

    Text Solution

    |

  2. Out of Rs 50,000, that a man has, he lends Rs 8,000 at 51//2% per annu...

    Text Solution

    |

  3. A man invests half his capitial at the rate of 10% per annum. One thi...

    Text Solution

    |

  4. John invested a sum of money at an annual simple interset rate of 10%....

    Text Solution

    |

  5. Rahul invests Rs 12,000 as fixed deposit at a bank at the rate of 10% ...

    Text Solution

    |

  6. A certain scheme of investment in simple interset declares that it tre...

    Text Solution

    |

  7. At the same rate of simple interest sum of the interest of Rs 300 for ...

    Text Solution

    |

  8. Nitin borrowed some money at the rate of 6% per annum for the first th...

    Text Solution

    |

  9. Two equals sums were lent out at 7% and 5% S.I. respectively,. The int...

    Text Solution

    |

  10. Mohan lens Rs 500 to John and a certain sum to Tom at the same time a...

    Text Solution

    |

  11. What should be the least number of years in which the simple interest ...

    Text Solution

    |

  12. Ram bought a bike for Rs. 60,000 He paid Rs. 10000 cash down and the r...

    Text Solution

    |

  13. A sum of Rs, 7,930 is divided into three parts and given on loan at 5%...

    Text Solution

    |

  14. Rs 1,00,000 is kept for a boy of 12 years undera trust. Trustee invest...

    Text Solution

    |

  15. If A borrowed Rs. P at x% and B borrowed Rs Q (gt P) at y% per annum a...

    Text Solution

    |

  16. A money lender claims to lend money at the rate of 10% per annum simpl...

    Text Solution

    |

  17. Ramesh borrowed a sum at 5 per annum simple interset from Rahul, He re...

    Text Solution

    |

  18. A man buysa watch for Rs 1950 cash and sells it for Rs 2200 at a credi...

    Text Solution

    |

  19. A sum of Rs 400 amounts to Rs 480 in 4 years. What will it amount to I...

    Text Solution

    |

  20. A main loses Rs 55.50 yearly when the annual rate of intrest falls fro...

    Text Solution

    |