Question 77
Amala, Bina, and Gouri invest money in the ratio 3 : 4 : 5 in fixed deposits having respective annual interest rates in the ratio 6 : 5 : 4. What is their total interest income (in Rs) after a year, if Bina's interest income exceeds Amala's by Rs 250?
Solution
Assuming the investment of Amala, Bina, and Gouri be 300x, 400x and 500x, hence the interest incomes will be 300x*6/100=18x, 400x*5/100=20x and 500x*4/100 = 20x
Given, Bina's interest income exceeds Amala by 20x-18x=2x=250 => x=125
Now, total interest income = 18x+20x+20x=58x = 58*125 = 7250
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