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Question
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?
TK.700
Tk. 800
TK. 50
TK. 1200
ANSWER : 4
Descrption
<p>He needs to invest money in the inverse ratio of 8 %, 4% and 6%.</p><p>The ratio of money at 8% : money invested at 4% : money invested at 6% = 1/8: 1/4: 1/6</p><p>1/8*24:¼*24:1/6*24</p><p>3:6:4</p><p>Sum of the ratios = 3+6+4=13</p><p>Money invested 4% SI = 6/13*2600=1200</p><p>Ans :1200.</p>
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