Anindita invests a total of \(1\) lakh rupees distributed across three schemes A, B and C for a period of two years. These schemes offer an interest rate of \(10\%\), \(8\%\) and \(12\%\) per annum,…
Question and options
Anindita invests a total of lakh rupees distributed across three schemes A, B and C for a period of two years. These schemes offer an interest rate of , and per annum, respectively, each compounded annually. If the initial investment amount in scheme A is rupees and the total interest earned from all the three schemes during the first year is rupees, then the total interest earned, in rupees, from all the three schemes for the second year is
Answer and explanation
Correct answer: B - \(11748\)
Year 1: 3000 + 0.08B + 0.12C = 10600 with B+C = 70000, so C = 50000, B = 20000. Year 2 interest: 3300 + 1728 + 6720 = 11748.
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IPMAT Indore
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