Amala, Bina, and Gouri invest money in the ratio 3 : 4 : 5 in fixed deposits having respective annual interest rates in the ratio 6 : 5 : 4. What is their total interest income (in Rs) after a year, if Bina's interest income exceeds Amala's by Rs 250?
Correct Answer :
7250
Solution :
The correct option is (b) or 7250.
Let the investments of Amala, Bina, and Gouri be , , and respectively.
Let the annual interest rates of their deposits be , , and respectively.
The interest income is computed as the product of investment and rate. Therefore:
Amala's interest income,
Bina's interest income,
Gouri's interest income,
We are given that Bina's interest income exceeds Amala's by Rs 250:
.
The total interest income is:
.
Substituting the value of :
Rs.
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