Mathematics for FinancePYQ Nov 19Question 1295 of 479
All Questions

A trust fund has invested 30,000\displaystyle 30,000 in two different types of bonds which pays 5%\displaystyle 5\% and 7%\displaystyle 7\% interest respectively. Determine how much amount is invested in second type of bond if trust obtains an annual total interest of 1600\displaystyle 1600.

Options

A5000\displaystyle 5000
B6000\displaystyle 6000
C7000\displaystyle 7000
D8000\displaystyle 8000
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option a5000\displaystyle 5000

All Options:

  • A5000\displaystyle 5000
  • B6000\displaystyle 6000
  • C7000\displaystyle 7000
  • D8000\displaystyle 8000

More Questions from Mathematics for Finance

Ready to Master Mathematics for Finance?

Practice all 479 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free