Susan invested a certain amount of money in two schemes $A$ and $B,$ which offer interest at the rate of $8 \%$ per annum and $9 \%$ per annum,respectively. She received $Rs.\, 1860$ as annual interest. However,had she interchanged the amount of investments in the two schemes,she would have received $Rs.\, 20$ more as annual interest. How much money did she invest in each scheme?

Vedclass pdf generator app on play store
Vedclass iOS app on app store
(A) Let the amount invested in schemes $A$ and $B$ be $Rs.\, x$ and $Rs.\, y,$ respectively.
$Case \, I$: Interest at $8 \%$ per annum on scheme $A$ + Interest at $9 \%$ per annum on scheme $B = 1860$.
$\Rightarrow \frac{8x}{100} + \frac{9y}{100} = 1860 \Rightarrow 8x + 9y = 186000 \quad \dots(i)$
$Case \, II$: If amounts are interchanged,interest is $1860 + 20 = 1880$.
$\Rightarrow \frac{9x}{100} + \frac{8y}{100} = 1880 \Rightarrow 9x + 8y = 188000 \quad \dots(ii)$
Multiply $(i)$ by $8$ and $(ii)$ by $9$:
$64x + 72y = 1488000 \quad \dots(iii)$
$81x + 72y = 1692000 \quad \dots(iv)$
Subtract $(iii)$ from $(iv)$:
$(81x - 64x) = 1692000 - 1488000$
$17x = 204000 \Rightarrow x = 12000$
Substitute $x = 12000$ in $(i)$:
$8(12000) + 9y = 186000$
$96000 + 9y = 186000$
$9y = 90000 \Rightarrow y = 10000$
Thus,she invested $Rs.\, 12000$ in scheme $A$ and $Rs.\, 10000$ in scheme $B$.

Explore More

Similar Questions

Places $A$ and $B$ are $90\, km$ apart from each other on a highway. $A$ car starts from $A$ and another from $B$ at the same time. If they move in the same direction,they meet in $9$ hours and if they move in opposite directions,they meet in $\frac{9}{7}$ hours. Find the speeds of the cars.

Difficult
View Solution

The solution of $x + y - 1 = 0$ and $2x + 2y - 5 = 0$ is ...........

Draw the graphs of the pair of linear equations $x-y+2=0$ and $4x-y-4=0$. Calculate the area of the triangle formed by the lines so drawn and the $x$-axis (in sq. units).

Difficult
View Solution

The solution of the pair of equations $x+y-1=0$ and $2x+2y-3=0$ is:

Vijay had some bananas,and he divided them into two lots $A$ and $B$. He sold the first lot at the rate of $Rs. 2$ for $3$ bananas and the second lot at the rate of $Rs. 1$ per banana,and got a total of $Rs. 400$. If he had sold the first lot at the rate of $Rs. 1$ per banana,and the second lot at the rate of $Rs. 4$ for $5$ bananas,his total collection would have been $Rs. 460$. Find the total number of bananas he had.

Difficult
View Solution

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo