A man invests at a rate of per annum. How much more should he invest at a rate of , so that he can earn a total of per annum?
- A
- B
- C
- D
Solution & Step-by-step Explanation
Let the additional amount invested at be .
According to the problem, the total annual interest earned from both investments combined must equal of the entire principal:
Alternatively, using the rule of allegation:
Given that the amount invested at is :
According to the problem, the total annual interest earned from both investments combined must equal of the entire principal:
Alternatively, using the rule of allegation:
Given that the amount invested at is :