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Question
A man invested `1/3` of his capital at 7%; `1/4` at 8% and the remainder at 10%. If his annual income is ₹ 561, the capital is
Options
₹ 5400
₹ 6000
₹ 6600
₹ 7200
MCQ
Solution
₹ 6600
Explanation:
Let total capital be ₹ x.
Then, `(x/3 xx 7/100 xx 1) + (x/4 xx 8/100 xx 1) + ((5x)/12 xx 10/100 xx 1)` = 561
`<=> (7x)/300 + x/50 + x/24` = 561
`<=> 51x = (561 xx 600)`
`<=> x = ((561 xx 600)/51)` = 6600
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Simple and Compound Interest (Entrance Exam)
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