A Tk. 500 investment and a Tk. 1,500 investment have a combined yearly return of 5 percent of the total of the investments. If the Tk. 500 investment has a yearly return of 7 percent yearly return does the Tk. 1,500 investment have?

A    9%

B    10%

C    10(5/8)%

D    10%

Solution

Correct Answer: Option A

 

total investment = 500+1500=2000 tk  8.5 percent of the total of the investments = (8.5 / 2000) X 100 =170  at 7 percent , annual return of 500 tk  = 35 tk renains= 170-35=135 tk  so, percent of yearly return of 1500 tk is = (135/1500) X 100 = 9%

 

Practice More Questions on Our App!

Download our app for free and access thousands of MCQ questions with detailed solutions