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  • A person invested half of the money he has at a rate of 10% p.a. compounded annually and the remaining half at a rate of 20% p.a simple interest. After 2 years he received a total of Rs.2610 from b

A person invested half of the money he has at a rate of 10% p.a. compounded annually and the remaining half at a rate of 20% p.a simple interest. After 2 years he received a total of Rs.2610 from both the investments. How much will he receive after 3 years?

Option: 1

Rs.2300


Option: 2

Rs.2931


Option: 3

Rs.2642


Option: 4

Rs.2800 

 


Answers (1)

best_answer

A person has invested half of money he has at C.I at 10 % and the other half at S.I at the rate of 20 %  p.a  for the 2 years
p/2 (1.1)2 + p/2 (1.4) = 2610
p = .5220/2.61 = 2000

So at the end of 3rd year
2000/2 x (1.1)3 + 2000/2 (1.6 ) = 2931 Rs.

Posted by

SANGALDEEP SINGH

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