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 the interest obtained by Anand from the first scheme is Rs. 5824 then find the principal invested in second and third scheme together. 1. Rs. 20000 Rs. 22000 3. Rs. 18000 4. Rs. 16000 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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