A man invested a part of rs. 30000 at 8.5% per annum simple interest and the rest at 9% per annum simple interest. After 1 year, he gets a total interest of Rs. 2640. Find his shares in both the investements.
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Verified answer
Answer:
Rs 12000 @8.5% and Rs 18000@9%
Explanation:
Let x be the amount @ 8.5% then (30000-x) will be the amount @9%.
intrest in case 1 = 8.5x/100
intrest in case 2 = 9(30000-x)/100
Adding both Intrests 0.5x + 270000 = 264000
which gives x = 12000
Answer:
please refer to the attachment