Kamala divided her investment of Rs 100000 between stocks, bonds, and gold. Her investment in bonds was 25% of her investment in gold. With annual returns of 10%, 6%, 8% on stocks, bonds, and gold, respectively, she gained a total amount of Rs 8200 in one year. The amount, in rupees, that she gained from the bonds, was
Correct Answer :
Solution :
The correct answer is 900.
Let's define the variables for Kamala's investments. Let the amount invested in stocks be , in bonds be , and in gold be .
We are given that the total investment is Rs 100,000. Therefore, we can write the first equation as:
We are also given that the investment in bonds is 25% of the investment in gold. This can be expressed as:
From this, we can multiply both sides by 4 to express in terms of :
Now, let's look at the returns. Kamala gained 10% on stocks, 6% on bonds, and 8% on gold, for a total gain of Rs 8200. This gives us our return equation:
Now we have a system of equations. Let's substitute into our first total investment equation to express in terms of :
Next, we substitute both and into the total gain equation:
Let's expand the terms and solve for :
Combine the terms ():
So, Kamala invested Rs 15,000 in bonds. The question asks for the amount she gained specifically from the bonds, which is 6% of her bond investment:
Therefore, she gained Rs 900 from the bonds.
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