CBSE Class 8 Answered
Jackson invested rs 20000, he invested a part of it at 12% and the rest at 10%, his annual income from these investments is 2280 rs. How much did he invest at each rate?
Asked by raj9852265141 | 08 Jul, 2019, 06:00: PM
Expert Answer
Let Jackson invested Rs. x at the rate of interest 12% and remaining amount Rs. (20,000 - x) at the rate of 10%.
According to the question,
12% of x + 10% of (20,000 - x) = 2280
0.12x + 0.1(20,000 - x) = 2280
0.12x + 2000 - 0.1x = 2280
0.02x = 280
x = Rs. 14,000
Jackson invested Rs. 14,000 at 12% and (20,000 - 14,000) = Rs. 6000 at 10%.
Answered by Sneha shidid | 09 Jul, 2019, 10:23: AM
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