Question
. Joseph has Rs 24 lakh. How should he invest this money
so as to get maximum amount? 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 Note: (i) Amount cannot be withdrawn before maturity period.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
With reference to ‘Old Pension Scheme’, consider the following statements:
I. Employees get a pension under a pre-determined formula which is...
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