Question
Amit invested Rs. 8,500 for 5 years in a scheme offering
simple interest at 10% per annum. He distributed the total amount received by him from the scheme among his three cousins âXâ, âYâ and âZâ in the ratio 2:5:3 respectively. Find the amount received by âYâ.Solution
ATQ,
Amount received by Amit from the scheme = 8500 + (8500 Ă 10 Ă 5 á 100) = 8500 Ă {1 + (50/100)} = 8500 Ă (150/100) = 85 Ă 150 = Rs. 12,750 Amount received by âYâ = 12750 Ă (5/10) = Rs. 6,375
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