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Question 61

Kamala divided her investment of Rs 100000 between stocks, bonds, and gold. Her investment in bonds was 25% of her investment in gold. With annual returns of 10%, 6%, 8% on stocks, bonds, and gold, respectively, she gained a total amount of Rs 8200 in one year. The amount, in rupees, that she gained from the bonds, was


Correct Answer: 900

Let the amounts invested in Stocks be S, Bonds B, and, Gold be G

Given that  $$S + B + G = 100000, B = 0.25G$$

$$0.10S + 0.06B + 0.08G = 8200$$

Substitute S = 100000 - B - G = 100000 - 1.25G

 $$0.10(100000 - 1.25G) + 0.06(0.25G) + 0.08G = 8200$$

$$10000 - 0.125G + 0.015G + 0.08G = 8200$$

$$10000 - 0.03G = 8200$$

$$ 0.03G = 1800 \Rightarrow G = 60000$$

$$B = 0.25G = 15000$$

Gain from bonds = $$0.06 \times 15000 = 900$$

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