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A person invested a sum of Rs. 25,000 pa...

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 :

A

10000

B

7000

C

8000

D

9000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the difference between the two parts of the sum invested at different interest rates. Let's break it down step by step. ### Step 1: Define the variables Let: - \( x \) = amount invested at 10% per annum - \( 25000 - x \) = amount invested at 12% per annum ### Step 2: Calculate the interest for each part The formula for simple interest is: \[ \text{Simple Interest} = \frac{P \times R \times T}{100} \] where \( P \) is the principal amount, \( R \) is the rate of interest, and \( T \) is the time in years. For the amount invested at 10%: \[ \text{Interest}_1 = \frac{x \times 10 \times 2}{100} = \frac{20x}{100} = \frac{x}{5} \] For the amount invested at 12%: \[ \text{Interest}_2 = \frac{(25000 - x) \times 12 \times 2}{100} = \frac{24(25000 - x)}{100} = \frac{600000 - 24x}{100} = 6000 - \frac{24x}{100} = 6000 - \frac{6x}{25} \] ### Step 3: Set up the equation According to the problem, the total interest received after 2 years is Rs. 5640. Therefore, we can set up the equation: \[ \frac{x}{5} + \left(6000 - \frac{6x}{25}\right) = 5640 \] ### Step 4: Simplify the equation To eliminate the fractions, we can multiply the entire equation by 100 (the least common multiple of the denominators): \[ 100 \left(\frac{x}{5}\right) + 100 \left(6000 - \frac{6x}{25}\right) = 100 \times 5640 \] This simplifies to: \[ 20x + 600000 - 24x = 564000 \] ### Step 5: Combine like terms Combine the terms involving \( x \): \[ -4x + 600000 = 564000 \] ### Step 6: Solve for \( x \) Subtract 600000 from both sides: \[ -4x = 564000 - 600000 \] \[ -4x = -36000 \] Now divide by -4: \[ x = 9000 \] ### Step 7: Find the second part The second part of the investment is: \[ 25000 - x = 25000 - 9000 = 16000 \] ### Step 8: Calculate the difference The difference between the two parts is: \[ |9000 - 16000| = 7000 \] ### Final Answer The difference between the two parts of the sum is Rs. 7000. ---
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Knowledge Check

  • A sum of Rs. 3000 is partly lent at 3% per annum simple interest for (7)/(2) years and partly at 2% per annum simple interest for 4 years. If total interest earned is Rs. 280, then the sum lent at 3% per annum is

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