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'A' invested Rs. X in a scheme on simple...

'A' invested Rs. X in a scheme on simple interest at the rate of 20% p.a. for two years and 'B' invested Rs. Y in same scheme. If interest got by A is Rs. 480 more than that of B after two years. If X is 25% more than Y, then find value sum of amount invested by A & B?

A

11400 Rs.

B

10800 Rs.

C

10200 Rs.

D

10400 Rs.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the given information and apply the formulas for simple interest. ### Step 1: Understand the relationship between X and Y We know that: - \( X \) is 25% more than \( Y \). This can be expressed mathematically as: \[ X = Y + 0.25Y = 1.25Y \] ### Step 2: Set up the equation for the simple interest The formula for simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years For A: - Principal = \( X \) - Rate = 20% - Time = 2 years So, the interest for A (SI_A) is: \[ SI_A = \frac{X \times 20 \times 2}{100} = \frac{40X}{100} = 0.4X \] For B: - Principal = \( Y \) - Rate = 20% - Time = 2 years So, the interest for B (SI_B) is: \[ SI_B = \frac{Y \times 20 \times 2}{100} = \frac{40Y}{100} = 0.4Y \] ### Step 3: Set up the equation based on the difference in interest According to the problem, the interest earned by A is Rs. 480 more than that earned by B: \[ SI_A = SI_B + 480 \] Substituting the expressions for SI_A and SI_B: \[ 0.4X = 0.4Y + 480 \] ### Step 4: Substitute the value of X in terms of Y From Step 1, we have \( X = 1.25Y \). Substitute this into the equation: \[ 0.4(1.25Y) = 0.4Y + 480 \] This simplifies to: \[ 0.5Y = 0.4Y + 480 \] ### Step 5: Solve for Y Subtract \( 0.4Y \) from both sides: \[ 0.5Y - 0.4Y = 480 \] \[ 0.1Y = 480 \] Now, divide both sides by 0.1: \[ Y = \frac{480}{0.1} = 4800 \] ### Step 6: Find the value of X Now that we have \( Y \), we can find \( X \): \[ X = 1.25Y = 1.25 \times 4800 = 6000 \] ### Step 7: Calculate the total investment The total amount invested by A and B is: \[ X + Y = 6000 + 4800 = 10800 \] ### Final Answer The sum of the amounts invested by A and B is Rs. 10,800. ---
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