Question
Anand invested a sum of Rs. 30000 in three different schemes, first scheme provides 20% interest compounded annually. Second scheme provides 40% interest compounded
Anand invested a sum of Rs. 30000 in three different schemes, first scheme provides 20% interest compounded annually. Second scheme provides 40% interest compounded quarterly and the third scheme provides 30% simple interest per annum. The first, second and third schemes are for 3 years, 1 year and 2 years respectively. Total interest obtained by Anand from all three schemes is Rs. 17665. If Anand kept the amount invested in all the three schemes for 1 year only then what is the amount of loss that has been faced by him? (Ratio of amount invested by Anand in three schemes is 4: 5:6) 1. Rs. 7824 Rs. 7946 3. Rs. 7736 2.
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
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