A person invested a total sum of Rs 7900 in three different schemes of simple interest at 3%, 5% and 8% per annum. At the end of one year he got same interest in all three schemes. What is the money (in Rs) invested at 3%?
Let the sum invested in the schemes at 3%, 5% and 8% per annum be Rs. $$100x,100y,100z$$ respectively
Total sum = Rs. 7900
=> $$100x+100y+100z=7900$$
=> $$x+y+z=\frac{7900}{100}=79$$ ------------(i)
Simple interest = $$\frac{P\times r \times t}{100}$$
Interest in scheme 1 = $$\frac{100x\times3\times1}{100}=Rs.$$ $$3x$$
Similarly, interest in scheme 2 = Rs. $$5y$$ and interest in scheme 3 = Rs. $$8z$$
According to ques, => $$3x=5y=8z=k$$
=> $$x=\frac{k}{3}$$ , $$y=\frac{k}{5}$$ , $$z=\frac{k}{8}$$ -----------(ii)
Substituting it in equation (i), we get :
=> $$\frac{k}{3}+\frac{k}{5}+\frac{k}{8}=79$$
=> $$k(\frac{40+24+15}{120})=79$$
=> $$\frac{79k}{120}=79$$
=> $$k=120$$
Substituting it in equation (ii), => $$x=\frac{120}{3}=40$$
$$\therefore$$ Money (in Rs) invested at 3% = $$100\times40=Rs.$$ $$4000$$
=> Ans - (C)
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