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8829 is invested into 3 different sectors in such a way that their amount at 4% p.a simple interest after 5 years 6 year 8 year are equal final each part of sum?
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8829 is invested into 3 different sectors in such a way that their amo...
Investment Distribution Problem
To solve the problem of investing ₹8829 in three different sectors with equal amounts after specified years at a 4% simple interest rate, we follow these steps:

Understanding Simple Interest
- The formula for calculating simple interest is:
**SI = P × R × T**
where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time in years.

Investment Allocation
Let the investments in the three sectors be:
- Sector 1: P1 (for 5 years)
- Sector 2: P2 (for 6 years)
- Sector 3: P3 (for 8 years)
The total investment is given by:
**P1 + P2 + P3 = 8829**

Equal Final Amounts
The final amount for each sector after the respective years can be represented as:
- Final Amount for Sector 1:
**A1 = P1 + SI1 = P1 + (P1 × 4/100 × 5)**
- Final Amount for Sector 2:
**A2 = P2 + SI2 = P2 + (P2 × 4/100 × 6)**
- Final Amount for Sector 3:
**A3 = P3 + SI3 = P3 + (P3 × 4/100 × 8)**
Since A1 = A2 = A3, we can set the equations equal to each other.

Setting the Equations
From the equations, we derive:
- A1 = P1(1 + 0.2) = 1.2P1
- A2 = P2(1 + 0.24) = 1.24P2
- A3 = P3(1 + 0.32) = 1.32P3
Setting these equal gives us:
**1.2P1 = 1.24P2 = 1.32P3**

Solving the Equations
Let:
- P1 = 1.24x
- P2 = x
- P3 = 1.2x
Substituting back into the total investment equation:
**1.24x + x + 1.2x = 8829**
**3.44x = 8829**
**x = 2565**
Finally, calculating each investment:
- P2 = ₹2565
- P1 = ₹3169.6
- P3 = ₹3078
Thus, the amounts invested in each sector ensure they yield equal final amounts after the specified periods.
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8829 is invested into 3 different sectors in such a way that their amount at 4% p.a simple interest after 5 years 6 year 8 year are equal final each part of sum?
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8829 is invested into 3 different sectors in such a way that their amount at 4% p.a simple interest after 5 years 6 year 8 year are equal final each part of sum? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 8829 is invested into 3 different sectors in such a way that their amount at 4% p.a simple interest after 5 years 6 year 8 year are equal final each part of sum? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 8829 is invested into 3 different sectors in such a way that their amount at 4% p.a simple interest after 5 years 6 year 8 year are equal final each part of sum?.
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