Salma wants to invest ₹24,000 in Public provident fund (PPF) and in National Bonds. She has to invest at least ₹1000 in PPF and at least ₹2000 in bonds. If the rate of interest on PPF is 9% per annum and that on bonds is 8% per annum, how should she invest her money to earn maximum annual income? Also, find maximum annual income.
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better to her to invest 23,000 in PPF, then she will get 2070 as interest.
1000 in national bonds, she will get 80.
in total she will get 2150.
1000 in national bonds, she will get 80.
in total she will get 2150.
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