Math Problem Statement
Solution
The question reads as follows:
Mr. Akram invested Rs 55000 in shares of two companies, A and B. If the total income he received by the end of the year from these investments is Rs 3900, and the companies declared a dividend of 8% and 10% respectively, what were his investments in companies A and B?
Let:
- = amount invested in company A
- = amount invested in company B
We have two equations based on the information provided:
-
Total investment:
-
Total income from dividends:
Step 1: Solve for in terms of from the first equation
Step 2: Substitute in the second equation
Step 3: Expand and simplify the equation
Combine like terms:
Step 4: Solve for
Since , substituting gives:
Since
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Math Problem Analysis
Mathematical Concepts
Algebra
Systems of Linear Equations
Percentage Calculation
Formulas
Total Investment: x + y = 55000
Income from Dividends: 0.08x + 0.10y = 3900
Theorems
-
Suitable Grade Level
Grades 9-10
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