A trust invested some money in two types of bond. The first bond pays 10% interest and
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A trust invested some money in two types of bond. The first bond pays 10% interest and second bond pays 12% interest. The trust received ? 2,800 as interest. However, if trust had interchanged money in bonds, they would have got ? 100 less as interest. Using matrix method, find the amount invested by the trust. Interest received on this amount will be given to Helpage India as donation. Which value is reflected in this question ?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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