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. Find the interest obtained from second scheme if the ratio of amount invested in scheme 1 and 3 is 2:3 and the interest obtained by Anand from first scheme is Rs. 5824. 1. Rs. 7200 2. Rs. 5842 3. Rs. 3310 4. Rs. 4641 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. Find the interest obtained from second scheme if the ratio of amount invested in scheme 1 and 3 is 2:3 and the interest obtained by Anand from first scheme is Rs. 5824. 1. Rs. 7200 2. Rs. 5842 3. Rs. 3310 4. Rs. 4641
Expert Answer:
Answer rating: 100% (QA)
Calculation Suppose P1 P2 and P3 are the sum invested in ... 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?
-
Harry Bhel carries a business as a sole proprietorship. During its 2022 fiscal period, its first year of operations, the business had cash sales of $123,000. It also has sales on account of $46,000,...
-
a. Barga Company purchases $20,000 of equipment on January 1, 2015. The equipment is expected to last five years and be worth $2,000 at the end of that time. Prepare the entry to record one years...
-
Each of the following processes involves sampling from a population. Define the population, and state whether it is tangible or conceptual. a. A chemical process is run 15 times, and the yield is...
-
Consider the simple linear regression model fit to the copolyester viscosity data in Problem 2.14. Problem 2.14 Hsuie, Ma, and Tsai ("Separation and Characterizations of Thermotropic Copolyesters of...
-
Ali owns 100 shares of Brown Corporation stock. He purchased the stock at five different times and at five different prices per share as indicated. On April 28, 2016, Ali will sell 40 shares of Brown...
-
ww 4. Starting at the battery explain the flow of electrons in this circuit (
-
Prepare a December 31 trial balance for Jindal Company using the following information and fill in the missing amount for Equipment (assume all data are correct). Cash Accounts payable Services...
-
Mag-Neatol e lab Purpose: To explore another force that acts at a distance- magnetism Examine the magnets. Magnets have a "N" (north) and a "S" (south) pole. Exploration and answer the questions...
-
How might autocorrelation bias the coefficient estimates, bi?
-
You are analyzing a stock that has a beta of 1.15. The risk-free rate is 4.4% and you estimate the market risk premium to be 6.5%. If you expect the stock to have a return of 11.1% over the next...
-
You have risen through the ranks of a coffee company, from the lowly green-apron barista to the coveted black apron, and all the way to CFO. A quick Internet check shows that your companys beta is...
-
At the beginning of 2007 (the year the iPhone was introduced), Apples beta was 1.3 and the risk-free rate was about 3.7%. Apples price was $81.71. Apples price at the end of 2007 was 199.08. If you...
-
Why is autocorrelation more likely to occur with time series data than with cross-sectional data? Distinguish between the two types of data, giving examples of each, in your response.
-
A loyal customer, Maria eagerly entered her favorite Shoprite supermarket to restock her pantry for the week. She had always enjoyed the pleasant atmosphere and excellent customer service. However,...
-
What is the difference between direct materials and indirect materials?
-
N = the set of natural numbers, W = the set of whole numbers, Z = the set of integers, Q = the set of rational numbers, I = the set of irrational numbers, and R = the set of real numbers. Classify...
-
Describe how the graph of a linear inequality differs from the graph of a linear equation. [
-
Sunnydale Farm includes 240 acres of cropland. The farm owner wishes to plant this acreage in corn and oats. The profit per acre in corn production is $40 and in oats is $30. A total of 320 hr of...
-
What percentage of women have red blood cell counts in the normal range from 4.2 to 5.4? Assume that red blood cell counts of women are normally distributed with a mean of 4.577 and a standard...
-
Find P 80 , the 80th percentile for the red blood cell counts of women.
-
A new integrated circuit board is being developed for use in computers. In the early stages of development, a lack of quality control results in a 0.2 probability that a manufactured integrated...
Study smarter with the SolutionInn App