Site navigation

A person invested \(\frac{1}{3}\) of his capital at \(7\%\); \(\frac{1}{4}\) of his capital at \(8\%\)…

Let the capital be C. The remainder invested at 10 percent is \(1 - \frac13 - \frac14 = \frac{5}{12}\) of the capital. The income is \(C\left(\frac13\times0.07 +…

Choose your answer

A person invested 13\frac{1}{3} of his capital at 7%7\%; 14\frac{1}{4} of his capital at 8%8\% and the remainder at 10%10\%. If his total annual income from the investment is ₹ 561, then what is the total investment made by the person?

Select one answer
Answer and explanation

Correct answer A

Let the capital be C. The remainder invested at 10 percent is 1−13−14=5121 - \frac13 - \frac14 = \frac{5}{12} of the capital. The income is C(13×0.07+14×0.08+512×0.10)=0.085CC\left(\frac13\times0.07 + \frac14\times0.08 + \frac{5}{12}\times0.10\right) = 0.085C, so 0.085C=5610.085C = 561 and C=6600C = 6600. A simple average of the three rates, about 8.33 percent, would ignore the different amounts invested at each rate.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic