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A man invested 13 of his capital at 7%; 14 at 8% and the remainder at 10%. If his annual income is ₹ 561, the capital is -

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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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