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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 (i) Amount cannot be withdrawn before maturity period.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.
Due to the intervention of government, the banks providing scheme A had to reduce the maturity period of Scheme A from 10 years to 6 years and the percent rate interest to 6 %. All other data remains same for scheme A and all other schemes. Mr. C has Rs 15 lakh and has to invest minimum Rs 1 lakh in each of the three schemes. What amount should he invest in the three schemes to get the maximum interest. The options are given in the order A,B,C
Rs 8 lakh, Rs 5 lakh, Rs 2 lakh
Rs 10 lakh, Rs 4 lakh, Rs 1 lakh
Rs 9 lakh, Rs 5 lakh, Rs 1 lakh
Rs 7 lakh, Rs 5 lakh, Rs 3 lakh
Rs 9 lakh, Rs 4 lakh, Rs 2 lakh
As the R*T is greatest for Scheme B, i.e 7*6=42 ,
followed by Scheme A = 6*6 = 36 and then Scheme A = 5*5 =25 ,
As we have to invest atleast Rs 1 lakh in all scheme.
So invest Rs 1 lakh(i.e minimum amount) in Scheme C.
Now we are left with Rs 14 lakh.
Scheme B will give us highest interest.
But there is maximum limit of Rs 5 lakh.
So invest Rs 5 lakh in Scheme B.
And the remaining amount of Rs 9 lakh in Shcme A
Hence, option 3 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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