Question 34
$$P_1, P_2, P_3$$ 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.
Solution
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
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