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Madhulika deposited two parts of a sum o...

Madhulika deposited two parts of a sum of Rs. 25,000 in different banks at the rates of 15% per annum and 18% per annum respectively. In one year she got Rs. 4050 as the total interest. What was the amount deposited at the rate of 15% per annum ?

A

Rs. 10,000

B

Rs. 15,000

C

Rs. 9,000

D

Data inadequate

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The correct Answer is:
To solve the problem step by step, we will use the information provided to find out how much Madhulika deposited at the rate of 15% per annum. ### Step 1: Understand the Total Amount and Interest Madhulika has a total amount of Rs. 25,000 deposited in two parts at different interest rates (15% and 18%). The total interest earned in one year is Rs. 4,050. **Hint:** Identify the total amount and total interest to set up the problem. ### Step 2: Calculate the Effective Interest Rate To find the effective interest rate, we can use the formula: \[ \text{Effective Interest Rate} = \frac{\text{Total Interest}}{\text{Total Amount}} \times 100 \] Substituting the values: \[ \text{Effective Interest Rate} = \frac{4050}{25000} \times 100 = 16.2\% \] **Hint:** Calculate the effective interest rate to understand the average return on the total investment. ### Step 3: Set Up the Alligation Method We can use the alligation method to find the ratio of the amounts deposited at the two different rates. The effective interest rate (16.2%) is between the two rates (15% and 18%). - Rate 1 (15%) is lower than the effective rate (16.2%). - Rate 2 (18%) is higher than the effective rate (16.2%). Using alligation: \[ \text{Difference from 15%} = 16.2 - 15 = 1.2 \] \[ \text{Difference from 18%} = 18 - 16.2 = 1.8 \] **Hint:** Use the alligation method to find the ratio of the two parts deposited. ### Step 4: Find the Ratio of the Deposits The ratio of the amounts deposited at 15% and 18% can be expressed as: \[ \text{Ratio} = \frac{1.8}{1.2} = \frac{3}{2} \] **Hint:** Simplify the differences to find the ratio of the amounts deposited. ### Step 5: Calculate the Total Parts and Individual Deposits The total parts in the ratio is \(3 + 2 = 5\). Let the amount deposited at 15% be \(3x\) and at 18% be \(2x\). Since the total amount deposited is Rs. 25,000: \[ 3x + 2x = 25000 \] \[ 5x = 25000 \] \[ x = 5000 \] **Hint:** Set up an equation based on the ratio to find the value of \(x\). ### Step 6: Find the Amount Deposited at 15% Now, we can find the amount deposited at 15%: \[ \text{Amount at 15%} = 3x = 3 \times 5000 = 15000 \] **Hint:** Multiply the value of \(x\) by the ratio part to find the individual deposit amounts. ### Conclusion Madhulika deposited Rs. 15,000 at the rate of 15% per annum. **Final Answer:** Rs. 15,000
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