Anand invested a sum of Rs. 30000 in three different schemes, first scheme provides 20% interest...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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. 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.
Expert Answer:
Answer rating: 100% (QA)
The ratio of the amount invested by Anand 456 Let the ... View the full answer
Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
Posted Date:
Students also viewed these mathematics questions
-
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...
-
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...
-
If $2,000 is invested at 7% compounded (A) annually (B) quarterly (C) monthly what is the amount after 5 years? How much interest is earned?
-
Classify the following as microeconomics or macroeconomics and provide a justification for your choice. (i) The effect of changes in household saving rates on the growth rate of national income. (ii)...
-
On March 1, 2013, a company paid an $18,000 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. Balance...
-
A particle moving to the left is slowed by a force pushing to the right. Is the work done on the particle positive or negative? Or is there not enough information to tell? Explain.
-
Coteron, Sanchez, Martinez, and Aracil ("Optimization of the Synthesis of an Analogue of Jojoba Oil Using a Fully Central Composite Design," Canadian Journal of Chemical Engineering, 1993) studied...
-
Pet Toys, Inc., expected to sell one plush toy for each two chew toys sold. Planned sales and variable costs for last year were as follows: During the year, a competitor came out with a similar plush...
-
1. A circuit has three resistors connected to a 3.00-V battery in series: R = 15.02, R2 10.02, and R3 = 25.02. Find the equivalent resistance, Req, the total current in the circuit, Itot, and the...
-
The Harvey City Comprehensive Case consists of the last problem in each chapter from Chapters 4 through 15. Completing this case essentially requires that you account for all the transactions of a...
-
Use the information provided, the high low method and the contribution margin approach to prepare a contribution format income statement for 2024 (you only have two levels of activity, 2023 and 2024)...
-
Must corporations make estimated tax payments? If so, when?
-
Why is the solution to heteroscedasticity as proposed in the first two questions unlikely to occur?
-
Define elasticity. How is it measured?
-
Why are cross-sectional studies less likely to be afflicted with autocorrelation but highly subject to heteroscedasticity?
-
Rank the following from highest freezing point to lowest freezing point: pure water, 0.05 M NaCl, 0.05 M MgCl2, 0.05 M glucose (C6H12O6). Explain.
-
A 3-band resistor is marked as 1st band Brown, 2nd band Black and 3rd band Orange. Define its resistance and between what values does it lie?
-
2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...
-
A Norman window is a rectangle with a semicircle on top. Sky Blue Windows is designing a Norman window that will require 24 ft of trim on the outer edges. What dimensions will allow the maximum...
-
A Leisure Time Cruises riverboat travels 46 km downstream in 2 hr. It travels 51 km upstream in 3 hr. Find the speed of the boat and the speed of the stream.
-
Graph the function. Be sure to label all the asymptotes. List the domain and the x-and y-intercepts? a. f(x) = x2 - 5 / x + 2 b. f(x) = 5 / (x - 2)2 c. f(x) = x2 + - 6 / x2 - x - 20
-
What are the six books of original entry?
-
Why do we have day books? Why don't we just enter every transaction directly into the appropriate ledger accounts?
-
Where is the other side of the double entry for all these expense postings to the ledgers recorded?
Study smarter with the SolutionInn App