Sign in
Please select an account to continue using cracku.in
↓ →
$$P_1, P_2, P_3$$ are invested at 4%, 6%, 8% respectively such that the Simple Interests from all the three at the end of the year are equal. If the sum of three investments is Rs.2600, then find the values of $$P_1, P_2$$ and $$P_3$$ respectively.
Let x , y and x be his investments at 4%, 6% and 8% respectively
Simple Interest on x at 4% for 1 year
= Simple Interest on y at 6% for 1 year
= Simple Interest on z at 8% for 1 year
money invested at 6%=$$1200\times\frac{2}{3}$$
=800
money invested at 8%=$$1200\times\frac{1}{2}$$
=600
Was this solution helpful?
Create a FREE account and get:
Start your IIM journey with the right preparation and crack CAT 2026.
Educational materials for CAT preparation
Ask our AI anything
AI can make mistakes. Please verify important information.
AI can make mistakes. Please verify important information.
91- 6303239042
