?
A person invested a total of Rs. 57,500 at 4%, 5% and 8% per annum simple interest. At the end of the year, he received equal interest in all the three cases. The amount invested at 5% was:
Answer & Solution
Correct Answer:
Option
A
$$\eqalign{
& \frac{1}{4}:\frac{1}{5}:\frac{1}{8} \cr
& 10:8:5 \cr
& {\text{Amount invested at }}5\% \cr
& = \frac{8}{{23}} \times 57,500 \cr
& = 20,000 \cr} $$
Join the Discussion
Login to post a comment or share your explanation.
Login