A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is Rs 76000 then the amount (in Rs lakh) invested in the fixed deposit wasCorrect answer is '9'. Can you explain this answer?

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A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is Rs 76000 then the amount (in Rs lakh) invested in the fixed deposit was

Correct answer is '9'. Can you explain this answer?

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A person invested a total amount of Rs 15 lakh. A part of it was inves...

Assuming the amount invested in the ratio 2:1 was 200x and 100x, then the fixed deposit investment = 1500000-300x
Hence, the interest = 200x*4/100 = 8x and 100x*3/100=3x
Interest from the fixed deposit = (1500000-300x)*6/100 = 90000-18x
Hence the total interest = 90000-18x+8x+3x=90000-7x =76000
=> 7x=14000 => x=2000
Hence, the fixed deposit investment = 1500000-300*2000 = 900000 = 9 lakhs

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A person invested a total amount of 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is 76000 then the amount (in lakh) invested in the fixed deposit was(2019)

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Vijay has just started saving enough money and he wants to learn how to invest it in the best possible manner. His friend Amit has agreed to help him. Amit tells Vijay that he invests his money in four broad categories: fixed deposits, equities, equity mutual funds and debt mutual funds. Amit saves Rs. 40,000 every year and deposits all of it across these four categories on 1st April of every year. He started investing in 2004 with equal amounts in the four categories, but since then, the break-up of his deposits across these four categories has differed. However, he ensures that 50% of his yearly savings go into equities and equity mutual funds and the remaining 50% in the other 2 categories.Also, Amit maintains a data table recording the total amount he has in each of these fourcategories as on 1st April of every year (table given below). It is also known that the interest rates on fixed deposits have been decreasing: they were 10%, 9% and 8% per annum in the years 2004-05, 2005-06, and 2006-07 respectively. Amit also remembers that the percentage returns on equities in 2006-07 were five times the percentage returns on debt mutual funds in the same year and the percentage returns on equity mutual funds in 2004-05 and 2005-06 were half of the percentage returns on equities in 2005-06 and 2006-07 respectively. Amit does not remember too many details besides that.Q. What were the percentage returns on debt mutual funds in the year 2005-06? Correct answer is '12'. Can you explain this answer?

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Answer the following question based on the information given below.Vijay has just started saving enough money and he wants to learn how to invest it in the best possible manner. His friend Amit has agreed to help him. Amit tells Vijay that he invests his money in four broad categories: fixed deposits, equities, equity mutual funds and debt mutual funds. Amit saves Rs. 40,000 every year and deposits all of it across these four categories on 1st April of every year. He started investing in 2004 with equal amounts in the four categories, but since then, the break-up of his deposits across these four categories has differed. However, he ensures that 50% of his yearly savings go into equities and equity mutual funds and the remaining 50% in the other 2 categories.Also, Amit maintains a data table recording the total amount he has in each of these fourcategories as on 1st April of every year (table given below). It is also known that the interest rates on fixed deposits have been decreasing: they were 10%, 9% and 8% per annum in the years 2004-05, 2005-06, and 2006-07 respectively. Amit also remembers that the percentage returns on equities in 2006-07 were five times the percentage returns on debt mutual funds in the same year and the percentage returns on equity mutual funds in 2004-05 and 2005-06 were half of the percentage returns on equities in 2005-06 and 2006-07 respectively. Amit does not remember too many details besides that.Q. What were the percentage returns on equities in the year 2004-05? Correct answer is '30'. Can you explain this answer?

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Group QuestionAnswer the following question based on the information given below.Vijay has just started saving enough money and he wants to learn how to invest it in the best possible manner. His friend Amit has agreed to help him. Amit tells Vijay that he invests his money in four broad categories: fixed deposits, equities, equity mutual funds and debt mutual funds. Amit saves Rs. 40,000 every year and deposits all of it across these four categories on 1st April of every year. He started investing in 2004 with equal amounts in the four categories, but since then, the break-up of his deposits across these four categories has differed. However, he ensures that 50% of his yearly savings go into equities and equity mutual funds and the remaining 50% in the other 2 categories.Also, Amit maintains a data table recording the total amount he has in each of these fourcategories as on 1st April of every year (table given below). It is also known that the interest rates on fixed deposits have been decreasing: they were 10%, 9% and 8% per annum in the years 2004-05, 2005-06, and 2006-07 respectively. Amit also remembers that the percentage returns on equities in 2006-07 were five times the percentage returns on debt mutual funds in the same year and the percentage returns on equity mutual funds in 2004-05 and 2005-06 were half of the percentage returns on equities in 2005-06 and 2006-07 respectively. Amit does not remember too many details besides that.Q. What were the percentage returns on equity mutual funds in the year 2005-06? Correct answer is '25'. Can you explain this answer?

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A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is Rs 76000 then the amount (in Rs lakh) invested in the fixed deposit wasCorrect answer is '9'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is Rs 76000 then the amount (in Rs lakh) invested in the fixed deposit wasCorrect answer is '9'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6% annual interest, and the remaining amount was invested in two other deposits in the ratio 2 : 1, earning annual interest at the rates of 4% and 3%, respectively. If the total annual interest income is Rs 76000 then the amount (in Rs lakh) invested in the fixed deposit wasCorrect answer is '9'. Can you explain this answer?.

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