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:
A. Rs. 20,000
B. Rs. 20,750
C. Rs. 25,000
D. Rs. 37,500
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & \frac{1}{4}:\frac{1}{5}:\frac{1}{8} \cr & 10:8:5 \cr & {\text{Amount invested at }}5\% \cr & = \frac{8}{{23}} \times 57,500 \cr & = 20,000 \cr} $$Related Questions on Interest
Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A. Rs. 450
B. Rs. 524
C. Rs. 600
D. Rs. 624
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs. 1380
B. Rs. 1290
C. Rs. 1470
D. Rs.1200
E. Rs. 1240
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
A. 8%
B. 9%
C. 10%
D. 11%
E. 12%
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs. 2300
B. Rs. 2315.25
C. Rs. 2310
D. Rs. 2320
E. None of these
Join The Discussion