A sum of money is divided into three parts. First part is Rs. 1000 more than...

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A sum of money is divided into three parts. First part is Rs. 1000 more than second and Rs. 2000 more than third. Total interest generated in three years when first, second and third parts are invested at rates of 20%, 15% and 10% per annum in simple interest, respectively, is Rs. 7050. What was the total sum of money? 1. Rs. 12000 2. Rs. 15000 3. Rs. 18000 4. Rs. 24000 5. Rs. 30000 A sum of money is divided into three parts. First part is Rs. 1000 more than second and Rs. 2000 more than third. Total interest generated in three years when first, second and third parts are invested at rates of 20%, 15% and 10% per annum in simple interest, respectively, is Rs. 7050. What was the total sum of money? 1. Rs. 12000 2. Rs. 15000 3. Rs. 18000 4. Rs. 24000 5. Rs. 30000

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Solution 2 First part is Rs 1000 more than second and Rs 2000 ... View the full answer