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In a mutual fund Capti, customers gets 100% increment in 5 years and in another mutual fund Capfirst customers get 200% in 12 years. What amount will Anamika get after 3 years if she invests total of Rs. 27000 in these two mutual funds in the ratio of 5 : 4? (Assume both mutual fund credits interest in simple rate)

In a mutual fund Capti, customers gets 100% increment in 5 years and in another mutual fund Capfirst customers get 200% in 12 years. What amount will Anamika get after 3 years if she invests total of Rs. 27000 in these two mutual funds in the ratio of 5 : 4? (Assume both mutual fund credits interest in simple rate) Correct Answer 42000

Given:

Capti rate of interest = 100%/5 years

Capfirst rate of interest = 200%/12 years

Total amount to be invested = Rs. 27000

Ratio of investment = 5 : 4

Formula used:

I = (P × t × r)/100

Where, P = Principle, t = time of investment, r = rate of interest

Calculations:

Rate of interest at Capti = 100/5 = 20% per annum and principle = 27000 × 5/9 = 15000

Rate of interest at capfirst = 200/12 = (50/3)% per annum and principle = 27000 × 4/9 = 12000

Interest from Capti = (15000 × 20 × 3)/100 = 9000

Interest from capfirst = (12000 × 50/3 × 3)/100 = 6000

Total return after 3 years for Anamika = (27000 + 9000 + 6000) = Rs. 42000

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