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 of his capital at ; of his capital at and the remainder at . If his total annual income from the investment is ₹ 561, then what is the total investment made by the person?
Answer and explanation
Correct answer A
Let the capital be C. The remainder invested at 10 percent is of the capital. The income is , so and . A simple average of the three rates, about 8.33 percent, would ignore the different amounts invested at each rate.
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