Rahim invested in all Tk. 2600 in three different schemes at 8% ,4% and 6% per annum simple interest . At the end of the year, he received the same interest in all the three schemes. What is the money invested in scheme having 4% rate of interest?
Created: 4 years ago |
Updated: 8 months ago
best des
He needs to invest money in the inverse ratio of 8 %, 4% and 6%.
The ratio of money at 8% : money invested at 4% : money invested at 6% = 1/8: 1/4: 1/6
1/8*24:¼*24:1/6*24
3:6:4
Sum of the ratios = 3+6+4=13
Money invested 4% SI = 6/13*2600=1200
Ans :1200.
Md Azizur Rahman
Founder of Satt
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