Question
The incomes of Abhinav and Bishnu are in the ratio 4:3,
and their savings are in the ratio 3:1. Both spend Rs. 5,000 each. Determine the difference between their average incomes and their average savings.Solution
ATQ,
Let the incomes of 'Abhinav' and 'Bishnu' be Rs. '4p' and Rs. '3p', respectively. ATQ; {(4p - 5000)/(3p - 5000)} = (3/1) 4p - 5000 = 9p - 15000 Or, 10000 = 5p So, p = 2000 So, average incomes of 'Abhinav' and 'Bishnu' = {(4p + 3p)/2} = 3.5p = 3.5 × 2000 = Rs. 7,000 Savings of 'Abhinav' = 4p - 5000 = Rs. 3,000 Savings of 'Bishnu' = 3p - 5000 = Rs. 1,000 So, their average savings = {(3000 + 1000)/2} = Rs. 2,000 Required difference = 7000 - 2000 = Rs. 5,000Â
Rs. 9500 is invested in scheme ‘A’ for a year at simple interest of 50% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in ...
Rs. 14000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the i...
A invested Rs.600 at r% rate of simple interest for 20 months while B invested Rs.900 at 16% rate of simple interest for r months. If they together rece...
What will be the difference between the SI and CI @ 10%p.a on a sum of Rs. 9000 for 4 years? Â
A sum, when invested at 12(½)% simple interest per annum, amounts to ₹8,250 after 2 years. What is the simple interest?
Compound interest on a certain sum of money for 2 years is Rs.2600 while the simple interest on the same sum for the same time period is Rs.2500. Find t...
Simica invested a certain amount of money at a simple interest rate of 12.5% per annum and earned Rs. 2,400 as interest over 3 years. If Tabu invested t...
Arjun made two investments: the first was Rs. 1,600 at an annual simple interest rate of R% for a period of 2 years, and the second was Rs. 2,000 at an ...
'A' borrows Rs. 600 at the rate of 15% p.a. simple interest, and 'B' borrows Rs. 800 at the rate of 10% p.a. simple interest. In how many years will the...
Ragini borrowed ₹21,600 at a simple interest rate of 18% per annum, while Misthi borrowed ₹51,200 at an annual compound interest rate of 12.5%. Curr...