📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Ravi shared Rs. (x + 3600) between his two kids, Arjun

    and Bharat, in the ratio of 5:3. Arjun put his share in a simple interest scheme at 10% p.a. for 4 years, while Bharat did the same at 12% p.a. for 3 years. If the total interest they earned was Rs. 3360, find the value of ‘x’.
    A 5120 Correct Answer Incorrect Answer
    B 4450 Correct Answer Incorrect Answer
    C 3362 Correct Answer Incorrect Answer
    D 4520 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let shares of Arjun and Bharat be Rs. 5y and Rs. 3y, respectively. Interest by Arjun = 0.10 × 4 × 5y = 2y Interest by Bharat = 0.12 × 3 × 3y = 1.08y Total Interest = 2y + 1.08y = 3.08y 3.08y = 3360 y = 1090 So total amount = 5y + 3y = 8y = 8 × 1090 = 8720 Given: x + 3600 = 8720 ⇒ x = 5120

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question