Math Problem Statement

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?

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:

  • xx = amount invested in company A
  • yy = amount invested in company B

We have two equations based on the information provided:

  1. Total investment: x+y=55000x + y = 55000

  2. Total income from dividends: 0.08x+0.10y=39000.08x + 0.10y = 3900

Step 1: Solve for yy in terms of xx from the first equation

y=55000xy = 55000 - x

Step 2: Substitute yy in the second equation

0.08x+0.10(55000x)=39000.08x + 0.10(55000 - x) = 3900

Step 3: Expand and simplify the equation

0.08x+55000.10x=39000.08x + 5500 - 0.10x = 3900

Combine like terms: 0.02x=39005500-0.02x = 3900 - 5500 0.02x=1600-0.02x = -1600

Step 4: Solve for xx

x=16000.02=80000x = \frac{-1600}{-0.02} = 80000

Since x+y=55000x + y = 55000, substituting x=80000x = 80000 gives: y=5500080000=25000y = 55000 - 80000 = -25000

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

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Suitable Grade Level

Grades 9-10