Question
(b) (b) Samina decided to divide a total of Rs.42,000 into three investments: a savings account paying 5% interest, a time deposit paying 7%, and
(b) (b) Samina decided to divide a total of Rs.42,000 into three investments: a savings account paying 5% interest, a time deposit paying 7%, and a bond paying 9%. Her total annual interest from the three investments was Rs.2600, and the interest from the savings account was Rs.200 less than the total interest from the other two investments. How much did she invest at each rate?
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Let s savings d time deposit b bond paying s d b 42000 eq ...
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
