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Direction : Read the following data and table to answer the following questions.
There are five friends Mr. A, Mr. B, Mr. C, Mr. D and Mr. E. There are three investment schemes in which these five friends can invest their money. The details of these schemes are given below. (i) Amount cannot be withdrawn before maturity period.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.
Mr. E has Rs 12 lakh. How should he invest this money so as to get maximum amount?
Rs 5 lakh in scheme B and remaining in Scheme A
Rs 10 lakh in scheme A and remaining in Scheme B
Rs 8 lakh in scheme A and remaining in Scheme B
Rs 3 lakh in Scheme C and remaining in Scheme A
Any one of the above as they pay equal amount.
For B) A = 10 lakh(1+10*6/100) + 2lakh(1+7*6/100)
= Rs 1600000 + Rs 284000 = Rs 1884000. This Is more than any other option.
Hence, option 2 is the correct answer.
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