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Trust fund has invested Rs.30 000 in two different types of bonds which pays 5% and 7% interest respectively.Determine how much amount is invested in 2 nd type of bond if trust obtains an annual total interest of Rs.1600 . (a) Rs.5000 (b) Rs.6000 (c) Rs.7000 (d) Rs.8000?
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Trust fund has invested Rs.30 000 in two different types of bonds whic...
Given information:
- Total investment amount = Rs.30,000
- Interest rate on the 1st bond = 5%
- Interest rate on the 2nd bond = 7%
- Total annual interest earned = Rs.1600

Let x be the amount invested in the 1st bond:
- Amount invested in the 2nd bond = Rs.30,000 - x

Calculating the interest earned on each bond:
- Interest earned on the 1st bond = 5% of x
- Interest earned on the 2nd bond = 7% of (Rs.30,000 - x)

Given total annual interest earned is Rs.1600:
- 5% of x + 7% of (Rs.30,000 - x) = Rs.1600
- 0.05x + 0.07(30000 - x) = 1600
- 0.05x + 2100 - 0.07x = 1600
- -0.02x = -500
- x = 25000

Amount invested in the 2nd bond:
- Amount invested in the 2nd bond = Rs.30,000 - Rs.25,000
- Amount invested in the 2nd bond = Rs.5,000
Therefore, the amount invested in the 2nd type of bond is Rs.5,000. Hence, the correct option is (a) Rs.5000.
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Trust fund has invested Rs.30 000 in two different types of bonds which pays 5% and 7% interest respectively.Determine how much amount is invested in 2 nd type of bond if trust obtains an annual total interest of Rs.1600 . (a) Rs.5000 (b) Rs.6000 (c) Rs.7000 (d) Rs.8000?
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Trust fund has invested Rs.30 000 in two different types of bonds which pays 5% and 7% interest respectively.Determine how much amount is invested in 2 nd type of bond if trust obtains an annual total interest of Rs.1600 . (a) Rs.5000 (b) Rs.6000 (c) Rs.7000 (d) Rs.8000? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Trust fund has invested Rs.30 000 in two different types of bonds which pays 5% and 7% interest respectively.Determine how much amount is invested in 2 nd type of bond if trust obtains an annual total interest of Rs.1600 . (a) Rs.5000 (b) Rs.6000 (c) Rs.7000 (d) Rs.8000? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Trust fund has invested Rs.30 000 in two different types of bonds which pays 5% and 7% interest respectively.Determine how much amount is invested in 2 nd type of bond if trust obtains an annual total interest of Rs.1600 . (a) Rs.5000 (b) Rs.6000 (c) Rs.7000 (d) Rs.8000?.
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