Question

A man invested a sum of Rs 25,000. He invested some part at 5 % p.a. and remaining at 5.5% p.a. How much money did he invest at 5 % p.a.? Statement I: The total interest amount paid after 1 year was Rs 1300 Statement II: The interest on one sum was twice that on the other.

Q: Answer-A man invested a sum of Rs 25,000. He invested some part at 5 % p.a. and remaining at 5.5% p.a. How...

Let the first part is Rs x, then remaining part is Rs 25000 - x From statement I, 5 times1 timesx100 25,000 -x times1 times 5.5100 1300 -0.5 x100 - 1375 1300 So -0.5x100 -75 x 15,000 From statement II, 5 times1 timesx100 2 25,000 -x times1 times 5.5100 5 x100 275000 - 11x100 16 x 275000 x 17187.50 So answer can be determined by either of statement I or II.