Mathematics for FinancePYQ Nov 19Question 1295 of 422
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A trust fund has invested $30,000$ in two different types of bonds which pays $5\%$ and $7\%$ interest respectively. Determine how much amount is invested in second type of bond if trust obtains an annual total interest of $1600$.

Options

A$5000$
B$6000$
C$7000$
D$8000$
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Correct Answer

Option a$5000$

All Options:

  • A$5000$
  • B$6000$
  • C$7000$
  • D$8000$

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