1 of his capital at 7% p.a., at 8% p.a. and the remainder at 10% p.a. If his annual income is A man invests 1 7 561, the capital is (1) 5400 Arun borrowed a sum of money from Jauant o (2) 7 6000 (3) 6600 (4) 7200

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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1
A man invests of his capital at 7% p.a.,
1
at 8% p.a. and the remainder at 10% p.a. If his annual income is
7 561, the capital is
(1) 5400
- Arun borrowed a sum of money from Jayant at the rate of 8% simple interest for the first four years, 10% per
annum for the next 6 years and 12% per annum beyond 10 years. If he pays a total of { 12160 as interest only
at end of 15 years, how much money did he borrow?
(1) 12000
The simple interest earnad on
(2) 7 6000
(3) 7 6600
(4) 7200
(2) 10000
(3) 8000
(4) 3 9000
Transcribed Image Text:1 A man invests of his capital at 7% p.a., 1 at 8% p.a. and the remainder at 10% p.a. If his annual income is 7 561, the capital is (1) 5400 - Arun borrowed a sum of money from Jayant at the rate of 8% simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum beyond 10 years. If he pays a total of { 12160 as interest only at end of 15 years, how much money did he borrow? (1) 12000 The simple interest earnad on (2) 7 6000 (3) 7 6600 (4) 7200 (2) 10000 (3) 8000 (4) 3 9000
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