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1Â year, 8Â months ago
Shashikant derives an annual income of Rs. 668.25 from Rs. 10000 invested partly at 8% p.a. and partly at 5% p.a. simple interest. How much money is invested at 5%? (Arun Sharma QA, level-1)
1Â year, 8Â months ago
If the entire amount was invested @5% and @8% the he would get Rs. 500 and Rs. 800 accordingly. Now apply alligations...
So the parts are in the ratio (668.58 - 500) : (800 - 668.58) = 131.42 : 168.58
Share of his investment @5% is 131.42 X 10000/(131.42 + 168.58) = 4380.667
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