Rs. 20000 are kept at simple interest in 2 parts. One part is kept at a rate of 8% per annum and the other part is kept at a rate of 15% per annum. If the total interest for 3 years is Rs. 6480, then what is the value of these two parts?
- AOption (a)
Rs. 12000, Rs. 8000
- BOption (b)
Rs. 16000, Rs. 5000
- COption (c)
Rs. 10000, Rs. 10000
- DOption (d)
Rs. 14000, Rs. 6000
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Correct answer
Rs. 12000, Rs. 8000
Why this answer is correct
Given:
Total principal = Rs. 20,000
Rate = 8% and 15%
Time = 3 years
S.I = Rs. 6480
Formula Used:
S.I = PRT/100
Where,
S.I = Simple interest, P = Principal,
R = Rate of interest, T = Time duration
Calculation:
Let the principal at the rate of 8% and 15% be x and (20000 - x) respectively
According to the question, we have
(x × 8 × 3)/100 + {(20000 - x) × 15 × 3}/100 = 6480
⇒ 24x + 900000 - 45x = 648000
⇒ 45x - 24x = 900000 - 648000
⇒ 21x = 252000
⇒ x = 12000
and,
(20000 - x) = (20000 - 12000)
⇒ 8000
∴ The value of the first and second part is Rs. 12000 and Rs. 8000.
Alternate Method
Total interest = Rs. 6480
Total interest rate = (6480/20000) × 100 = 32.4
Interest per annum = 32.4/3 = 10.8%
Part invested at 8% interest = [3/(3 + 2)] × 20,000 = 12,000
Part invested at 15% = 20,000 - 12,000 = 8,000
∴ The value of the first and second part is Rs. 12000 and Rs. 8000.



