Question

7. stocks. Geeta had 17,900, which she invested partly in 5% stock at 150 and the remaining in 9% stock at 180. If her total income from these stocks is 730 , find the amount she invested in each of the stocks.​

Answer 1

Answer:

i) A=P(1+100r)n=8000(1+1005)(2)=8000(1.1025)=8820

Amount at the end of 2 years =Rs.8,820

ii) A=p(1+100r)n=8000(1+1005)(3)=8000(1.157625)=9261

Amount at the end of 3 years =Rs.9261

So, the interest for 3rd year =Rs.9261−8820=Rs.441