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please ans in 10 mins ABC Ltd. Receives cash at gradual and steady rate of Rs. 3,50,000 p.a. The cash can be invested by the
please ans in 10 mins
ABC Ltd. Receives cash at gradual and steady rate of Rs. 3,50,000 p.a. The cash can be invested by the company to give a return of 12% p.a. However every time it invests it has to meet the transaction expenses of Rs. 50 plus 1% brokerage of the amount invested. Another investment broker has approached the company to take up the investment work. He has offered to charge Rs. 100 per transaction plus 0.8% of the amount invested. Should the company accept the offerStep by Step Solution
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