₹500 is invested at 12% per annum simple interest, and a certain sum is invested at 10% per annum simple interest. If the total interest on both sums after 4 years is ₹480, what is the second sum?
₹500 is invested at 12% per annum simple interest, and a certain sum is invested at 10% per annum simple interest. If the total interest on both sums after 4 years is ₹480, what is the second sum?
500 रुपये 12% प्रति वर्ष साधारण ब्याज पर निवेश किए गए और एक निश्चित राशि 10% प्रति वर्ष साधारण ब्याज पर निवेश की गई। यदि 4 वर्षों के बाद दोनों राशियों पर ब्याज का योग 480 रुपये है, तो बाद वाली राशि क्या होगी?
Detailed Solution & Logic
Rs 600
Interest from ₹500 at 12% for 4 years:
$I_1 = \frac{500 \times 12 \times 4}{100} = 240$
Total interest = ₹480
So, interest from second sum:
$I_2 = 480 - 240 = 240$
Let second sum = $x$
$I_2 = \frac{x \times 10 \times 4}{100} = 0.4x$
So,
$0.4x = 240 \Rightarrow x = \frac{240}{0.4} = 600$
Final Answer: ₹600
Similar Practice Questions
How much will the interest be for Rs.1900 at 9% per annum for 3 year?
How much will the interest be for Rs.1900 at 9% per annum for 3 year?...
Anand has ₹1407 with him. He divides this amount between his two sons,
Anand has ₹1407 with him. He divides this amount between his two sons, Anil and...
If at same rate of interest,
If at same rate of interest, in 2 years, the simple interest is ₹40 and...
“A trader invests ₹50,000 at an annual compound interest rate of 6%. Find half of the compound interest he will receive after 3 years.”
“A trader invests ₹50,000 at an annual compound interest rate of 6%. Find half of...
Find the simple interest (in ₹) on ₹2000
Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 9% per...
Nitin has ₹1617 with him.
Nitin has ₹1617 with him. He divided it amongst his sons Pravin and Rishi and...
The simple interest on a certain sum \(3\frac{1}{3}\) year at the rate 4.2% per annum is ₹5,845. What will be the amount payble on the same sum at the rate of 6.4% per annum simple interest in \(12\frac{1}{2}\) years?
The simple interest on a certain sum \(3\frac{1}{3}\) year at the rate 4.2% per annum...