Mathematics for FinanceMTP Dec 22Question 1369 of 479
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A man invests 12,000\displaystyle 12,000 at 10%\displaystyle 10\% p.a. and another sum of money at 20%\displaystyle 20\% p.a. for one year. The total investment earns at 14%\displaystyle 14\% p.a. simple interest the total investment is:

Options

A8000\displaystyle 8000
B20000\displaystyle 20000
C14000\displaystyle 14000
D16000\displaystyle 16000
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Correct Answer

Option b20000\displaystyle 20000

All Options:

  • A8000\displaystyle 8000
  • B20000\displaystyle 20000
  • C14000\displaystyle 14000
  • D16000\displaystyle 16000

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