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4 years, 8 months ago
1. Mohit invested 10000 in two different schemes NSC and PPF at an annual compound interest rate of 14% and 11% respectively. If the total amount of interest receivedin 2 years is Rs. 2726, then what was the amount invested in PPF? (a) 5000 (b) 3 4000 (c) 6000 (d) 7000
4 years, 8 months ago
let he invested, x and 10,000-x
so, he will receive a total of x * (1.14 ^ 2) + (10,000 -x) * (1.11 ^ 2) = 2726
Solve to get 10,000-x value.