Question
Joseph invested some amount in debentures. But after 3
years from the date of investment he passed away. His Wife Mrs. joseph was allowed premature withdrawal as an exceptional case by the bank at the end of 3 years but with a deduction of 1% from the total amount payable. If Mrs. joseph receives Rs 3,86,100 at the end of 3 years, what amount did Mr. joseph invested? Direction (Q. 61 - 65): Read the following data and table to answer the following questions. There are five persons Jack, Jill, John, Jimmy and Joseph. There are three investment schemes in which these five persons can invest their money. The details of these schemes are given below. Note: (i) Amount cannot be withdrawn before maturity period. (ii) No reinvestment after maturity period is allowed in any scheme. (iii) Total Amount (including interest) is payable at the end of the maturity period.Solution
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