ca cpt maths query
This query is : Open
01 May 2016
The interest paid on each of three different sums of money yielding 3%, 4% and 5% simple interest p.a. respectively is the same. The average yield per cent on the total sum invested is.....?
01 May 2016
It should be 3.83%.....
Message likes :
2 times
02 May 2016
Let us assume any number to be the amount yielded in each investment...
I am assuming it to be Rs. 5/-
Now
Total Return = Rs. 5 X 3 Investments = Rs. 15
Total Investment = 5/3% + 5/4% + 5/5% = Rs.391.66
Consolidated Yield = 100 X 15 / 391.66 = 3.83%
I am assuming it to be Rs. 5/-
Now
Total Return = Rs. 5 X 3 Investments = Rs. 15
Total Investment = 5/3% + 5/4% + 5/5% = Rs.391.66
Consolidated Yield = 100 X 15 / 391.66 = 3.83%
03 May 2016
thank u very much sir
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