Question
Person P allocated 65% of the
money he had between X and Y in a ratio of 6:7. Both Y and X invested the amounts they received in a scheme offering 8% simple interest and 7% simple interest for five years, respectively. Given that the difference in the interests earned by X and Y after five years is Rs. 1890, determine the amount remaining with P.Solution
ATQ, Let the amount of money P had initially = Rs. a Amount distributed between X and Y = Rs. 0.65a Amount received by X = 0.65a × 6/13 = Rs. 0.3a Amount received by Y = 0.65a × 7/13 = Rs. 0.35a Interest earned Y = 0.35a × 0.08 × 5 = Rs. 0.14a Interest earned by X = 0.3a × 0.07 × 5 = Rs. 0.105a According to question: 0.14a – 0.105a = 1890 0.035a = 1890 a = 54000 So the amount left with P = 0.35 × 54000 = Rs.18,900
What is the purpose of ABC analysis in inventory management?
What does the feminist theory of justice advocate for?
In the context of justice, what does the libertarian theory emphasize?
What does objectivity refer to?
Why is effective inventory control crucial in stores management?
How does temperance contribute to a healthy lifestyle?
How can self-awareness contribute to the development of emotional intelligence?
What is a potential consequence of not practicing impartiality in civil service?
What is a primary consideration in supplier selection during the procurement process?
 In the context of public services, what does "conflict of interest" refer to?
