Skip to main contentSkip to solution

Mr. X invested one fourth of his capital at 8%, one third at 7% and the remaining part at 10%. If his annual simple interest on this investment is Rs 510, then the total capital invested by Mr. X is?

Solution

✅ Correct Option: 2

Let the total capital be Rs. xx


First part =x4= \dfrac{x}{4}

Second part =x3= \dfrac{x}{3}

Remaining part =x−x4−x3= x - \dfrac{x}{4} - \dfrac{x}{3}

Converting to common denominator 12:

=12x12−3x12−4x12= \dfrac{12x}{12} - \dfrac{3x}{12} - \dfrac{4x}{12}

=5x12= \dfrac{5x}{12}


Using Simple Interest formula with time = 1 year:

Interest from first part:

=x4×8100×1= \dfrac{x}{4} \times \dfrac{8}{100} \times 1

=2x100= \dfrac{2x}{100}

Interest from second part:

=x3×7100×1= \dfrac{x}{3} \times \dfrac{7}{100} \times 1

=7x300= \dfrac{7x}{300}

Interest from remaining part:

=5x12×10100×1= \dfrac{5x}{12} \times \dfrac{10}{100} \times 1

=5x120= \dfrac{5x}{120}


Total interest equals Rs. 510:

2x100+7x300+5x120=510\dfrac{2x}{100} + \dfrac{7x}{300} + \dfrac{5x}{120} = 510

Converting to common denominator 600:

12x600+14x600+25x600=510\dfrac{12x}{600} + \dfrac{14x}{600} + \dfrac{25x}{600} = 510

51x600=510\dfrac{51x}{600} = 510

x=510×60051x = 510 \times \dfrac{600}{51}

x=30600051x = \dfrac{306000}{51}

x=6000x = 6000

Therefore, the total capital invested by Mr. X is Rs. 6000.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question