164 Views

Question : Rs. 5000 is divided into two parts such that if one part is invested at 4% and the other at 5%, then the whole annual interest from both sums is 223. How much was invested at 4%?

Option 1: Rs. 2600

Option 2: Rs. 2700

Option 3: Rs. 2400

Option 4: Rs. 2300


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rs. 2700


Solution : Let the part of the money invested at 4% as \(x\) and the part invested at 5% as $(5000 - x)$.
The total annual interest from both investments is Rs. 223.
$⇒0.04x + 0.05(5000 - x) = 223$
$⇒0.04x + 250 - 0.05x = 223$
$⇒0.01x = 27$
$\therefore x = \frac{27}{0.01} = 2700$
Hence, the correct answer is Rs. 2700.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

Amity Online MBA
Apply
Apply for an Online MBA from Amity Online.
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books