Question
M invested Rs. 27,000 in two Mutual Funds, 'Axis Funds'
and 'ICICI Funds,' for 5 years and 2 years, respectively. 'Axis Funds' provide simple interest at 20% per annum, while 'ICICI Funds' offer compound interest compounded annually at 30% per annum. Determine the amount invested in 'ICICI Funds' if the interest earned from 'Axis Funds' exceeds that from 'ICICI Funds' by Rs. 1,650.Solution
ATQ, Let the sum invested in Mutual fund ‘ICICI’ be Rs. ‘a’ Sum invested in Mutual fund ‘Axis’ = Rs. (27000 – a) Simple interest earned from Mutual fund ‘Axis’ = {(27000 – a) × 20 × 5}/100 = Rs. (27000 – a) And, compound interest earned from Mutual fund ‘ICICI’ = a × [{1 + (30/100)}2 – 1] = Rs. ‘0.69a’ According to question: 27000 – a – 0.69a = 1650 Or, 1.69a = 25350 Or, a = 15000
Statements: L ≤ Y = T ≤ S; S = F ≤ U; K > N = U
Conclusions:
I. K > T
II. U ≥ L
...In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and the...
Statements: U & K # X % I % W; T # M $ W; T @ N @ S
Conclusions:
I. X @ M
II. K $ S
III. N # I
Statements:  W > O > E ≤ N > P; L ≥ U; P > Q = R > U
Conclusions:
I. Â N > U
II. Â P > U
III. Â P < L
IV....
Statements: F ≤ G < H; F ≥ I < J; I > K ≥ L
Conclusions:
I. I ≤ G
II. J ≥ L
III. I > H
In the question, assuming the given statements to be true, find which of the following conclusion(s) among the three conclusions is/are true and then g...
Statement: K = B; D ≥ L ≥ T ≥ B
Conclusion: I. D > K II. D = K
Which of the following should be placed in the blank spaces respectively ( in the same order from left to right) in order to complete the given express...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and th...
Which of the following expressions will be true if the expression P > Q = R < S = T ≤ U = V is definitely true?
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