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?
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.
First part
Second part
Remaining part
Converting to common denominator 12:
Using Simple Interest formula with time = 1 year:
Interest from first part:
Interest from second part:
Interest from remaining part:
Total interest equals Rs. 510:
Converting to common denominator 600:
Therefore, the total capital invested by Mr. X is Rs. 6000.
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