Question
'K' distributed his investments among two distinct
funds, Mutual Fund X and Mutual Fund Y, in the respective ratio of 9:8. While Mutual Fund X generates simple interest, Mutual Fund Y yields compound interest, compounded annually, both at a 20% annual rate for a duration of two years. Afterward, the cumulative interest accrued amounts to Rs. 3560. Calculate the total sum that 'K' initially invested?Solution
ATQ, Let the sum invested at simple interest be Rs. 9p And, the sum invested at compound interest be Rs. 8p According to the question, (9p × 20 × 2)/100 + 8p(1 + 0.2)^2 – 8p = 3560 Or, 18p/5 + 3.52p = 3560 Or, 35.6p = 17800 Or, p = 17800/35.6 = Rs.500 Therefore, total sum invested by 'K' = 9p + 8p = 17p = Rs.8500
The production planning department prepares a list of materials and stores required for the completion of a specific job order, this list is known as:
A leader must match the leadership style according to the readiness of subordinates. This is true as per which of the following theory?
What is the total backstop facility provided by the Corporate Debt Market Development Fund (CDMDF)?
Which institutions are considered National Development Banks (NDBs) under the Net Stable Funding Ratio (NSFR) framework?
Which of the following is the utility of Equity Multiplier for the investor?
What is the difference between partial and full capital account convertibility?
Which of the following is NOT a duty of a trustee under the Indian Trusts Act, 1882? Â
Which of the following is not a mode for making remittances to SEBI Investor Protection and Education Fund Bank A/c?
A company can improve (lower) its debt-to-total assets ratio by doing which of the following
Which statement answers the question “Why a company exists?”
Relevant for Exams:
