Question 83

A man invested $$\frac{1}{3}$$ of his capital at 7%, $$\frac{1}{4}$$ at 8% and the remaining at 10% rate of simple interest. If his annual income from interests is Rs. 561, the capital invested was

Solution

Let total capital be x

According to the question

$$ \frac{\frac{x}{3} \times 7 \times 1}{100} + \frac{\frac{x}{4} \times 8 \times 1}{100} + \frac{(1 - \frac{1}{3} - \frac{1}{4}) \times x \times 10}{100} = 561 $$

$$ \frac{7x}{3 \times 100} + \frac{8x}{4 \times 100} + \frac{5x \times 10}{12 \times 100} = 561 $$

On solving, x = 6600


Create a FREE account and get:

  • Free SSC Study Material - 18000 Questions
  • 230+ SSC previous papers with solutions PDF
  • 100+ SSC Online Tests for Free

cracku

Boost your Prep!

Download App