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Sonali invests money in three different ...

Sonali invests money in three different schemes for 6 years, 10 years and 12 years at 10% p.a., 12% p.a. and 15% p.a. at simple interest respectively. At the completion of each scheme, she gets the same interest. What is the ratio of her investments ?

A

`6:3:2`

B

`3:2:1`

C

`3:4:5`

D

`2:3:6`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will denote Sonali's investments in the three schemes as \( x \), \( y \), and \( z \) respectively. ### Step 1: Write the formula for Simple Interest The formula for Simple Interest (SI) is given by: \[ SI = \frac{P \times R \times T}{100} \] where \( P \) is the principal amount (investment), \( R \) is the rate of interest per annum, and \( T \) is the time in years. ### Step 2: Set up the equations for each investment 1. For the first scheme (6 years at 10%): \[ SI_1 = \frac{x \times 10 \times 6}{100} = \frac{60x}{100} = 0.6x \] 2. For the second scheme (10 years at 12%): \[ SI_2 = \frac{y \times 12 \times 10}{100} = \frac{120y}{100} = 1.2y \] 3. For the third scheme (12 years at 15%): \[ SI_3 = \frac{z \times 15 \times 12}{100} = \frac{180z}{100} = 1.8z \] ### Step 3: Set the interests equal to each other Since the interest from all three schemes is the same, we can set the equations equal: \[ 0.6x = 1.2y = 1.8z \] ### Step 4: Express \( y \) and \( z \) in terms of \( x \) From \( 0.6x = 1.2y \): \[ y = \frac{0.6x}{1.2} = \frac{x}{2} \] From \( 0.6x = 1.8z \): \[ z = \frac{0.6x}{1.8} = \frac{x}{3} \] ### Step 5: Write the ratio of investments Now we have: - \( x \) (for the first scheme) - \( y = \frac{x}{2} \) (for the second scheme) - \( z = \frac{x}{3} \) (for the third scheme) The ratio of investments \( x : y : z \) can be expressed as: \[ x : \frac{x}{2} : \frac{x}{3} \] ### Step 6: Simplify the ratio To simplify this ratio, we can multiply through by the least common multiple (LCM) of the denominators (which is 6): \[ x : \frac{x}{2} : \frac{x}{3} = 6x : 3x : 2x \] Thus, the ratio simplifies to: \[ 6 : 3 : 2 \] ### Final Result The ratio of Sonali's investments in the three schemes is: \[ \boxed{6 : 3 : 2} \]
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