Home
Class 14
MATHS
A person invested in all 2600 at 4%, 6% ...

A person invested in all 2600 at 4%, 6% and 8% per annum simple interest. At the end of the year, he got the same interest in all the three cases. The money invested at 4% is:

A

200

B

600

C

800

D

1200

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine how much money was invested at 4% interest when a total of $2600 was invested at three different rates (4%, 6%, and 8%) and the interest earned from each investment was the same at the end of the year. ### Step-by-Step Solution: 1. **Define Variables**: Let: - \( A \) = amount invested at 4% - \( B \) = amount invested at 6% - \( C \) = amount invested at 8% We know that: \[ A + B + C = 2600 \quad \text{(1)} \] 2. **Set Up Interest Equations**: The interest earned from each investment can be expressed as: - Interest from \( A \) at 4% = \( \frac{4}{100} \times A = 0.04A \) - Interest from \( B \) at 6% = \( \frac{6}{100} \times B = 0.06B \) - Interest from \( C \) at 8% = \( \frac{8}{100} \times C = 0.08C \) Since the interest earned from all three investments is the same, we can set up the following equations: \[ 0.04A = 0.06B \quad \text{(2)} \] \[ 0.04A = 0.08C \quad \text{(3)} \] 3. **Express B and C in terms of A**: From equation (2): \[ B = \frac{0.04A}{0.06} = \frac{2}{3}A \quad \text{(4)} \] From equation (3): \[ C = \frac{0.04A}{0.08} = \frac{1}{2}A \quad \text{(5)} \] 4. **Substitute B and C into equation (1)**: Substitute equations (4) and (5) into equation (1): \[ A + \frac{2}{3}A + \frac{1}{2}A = 2600 \] To combine the terms, we need a common denominator. The least common multiple of 3 and 2 is 6: \[ A + \frac{4}{6}A + \frac{3}{6}A = 2600 \] \[ A + \frac{7}{6}A = 2600 \] \[ \frac{13}{6}A = 2600 \] 5. **Solve for A**: Multiply both sides by \( \frac{6}{13} \): \[ A = 2600 \times \frac{6}{13} \] \[ A = 1200 \] 6. **Conclusion**: The amount invested at 4% is \( A = 1200 \). ### Final Answer: The money invested at 4% is **$1200**.
Promotional Banner

Topper's Solved these Questions

  • INTEREST

    DISHA PUBLICATION|Exercise Test Yourself|15 Videos
  • INTEREST

    DISHA PUBLICATION|Exercise Practice Exercises (Standard Level)|34 Videos
  • INEQUALITIES

    DISHA PUBLICATION|Exercise Test Yourself|15 Videos
  • LINEAR EQUATIONS

    DISHA PUBLICATION|Exercise TEST YOUSELF|15 Videos

Similar Questions

Explore conceptually related problems

A person divided a sum of 17,200 into three parts and invested at 5%, 6% and 9% per annum simple interest. At the end of two years, he got the same interest on each part of money. What is the money invested at 9%?

A person invested a total of ₹ 9,000 in three parts at 3%, 4% and 6% per annum on simple interest. At the end of a year, he received equal interest in all three cases. The amount invested at 6% is: एक व्यक्ति साधारण ब्याज पर ₹ 9,000 को तीन भाग में 3%, 4% और 6% की दर से निवेश करता है। एक वर्ष के अंत में, उसे तीनों मामलों में समान ब्याज प्राप्त हुआ। 6% पर निवेशित राशि कितनी है?

A person invested three different amounts at 3%, 5% and 6% per annum at simple interest. At the end of the year, he received the same interest in each case. If ther person's net investment is Rs 4200, then the money invested at 5% is………………..

A person invested a total sum of Rs. 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs.) invested at 3%?

A sum of Rs 1000 is invested at 8 % simple interest per annum .Find the interest at the end of 30 years .

Rajesh gave 1200 on loan. Some amount he gave at 4% per annum on simple interest and remaining at 5% per annum on simple interest. After two years, he got 110 as interest. Then the amounts given at 4% and 5% per annum on simple interest are, respectively

DISHA PUBLICATION-INTEREST-Practice Exercises (Expert Level)
  1. Nikhil invested certain amount in three different schemes A,B and C wi...

    Text Solution

    |

  2. If there are three sum of money P,Q and R so that P is the simple inte...

    Text Solution

    |

  3. The difference between the simple interset received from two diferent ...

    Text Solution

    |

  4. A person invested in all 2600 at 4%, 6% and 8% per annum simple intere...

    Text Solution

    |

  5. A sum of money is accumulating at compound interest at a certain rate ...

    Text Solution

    |

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

    Text Solution

    |

  7. Arun invested a sum of money at a certain rate of simple interest for ...

    Text Solution

    |

  8. Mr. Duggal invested 20000 with rate of interest "@" 20% per annum. The...

    Text Solution

    |

  9. The compound interest accrued on an amount of 25500 at the end of 3yea...

    Text Solution

    |

  10. A certain sum of money amounts to 756 in 2 years and to 873 in 3.5 yea...

    Text Solution

    |

  11. A sum of 1000 after 3 years at compound interest becomes a certain amo...

    Text Solution

    |

  12. A property dealer bought a rectangular plot (of land) in Noida 5 years...

    Text Solution

    |

  13. Hari Lal and Hari Prasad have equal amounts. Hari Lal invested all his...

    Text Solution

    |

  14. A person lent out some money for 1 year at 6% per annum simple interes...

    Text Solution

    |

  15. Three persons Anand, Avdesh and Anil in vested different amount in a f...

    Text Solution

    |

  16. According to the 2001 census, the population growth rate of Lucknow is...

    Text Solution

    |

  17. Extending this plan, ISBI further announced that widows of all the mar...

    Text Solution

    |