jassi inherited rs 12000.00.she invested part of it at 10% and the rest at 12% p.a. simple interest. her annual income from these investments is rs.1280.00.how much she invest at each rate
ANS: Given: Amount = 12000
Rate of investment of first part = 10%
Rate of investment of second part = 12%
Total interest annually = 1280
Let the first part be x, then the second part = (12000 - x)
simple interest = PRT/100
Therefore, [x*10*1+ (12000- x)*12*1]/100 = 1280
=> [10x + 144000 - 12x]/100 = 1280
=> 144000 - 2x/100 = 1280
=> 144000 - 2x = 128000
=> x = (144000 - 128000)/2
=> x = 8000
12000 - 8000 = 4000
Therefore she invested Rs8000 at 10 % and Rs 4000 at 12%.