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
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
Entered answer:
Solution
Let the investment in Stocks , Bonds , and Gold .
Total investment:
... (1)
Investment in bonds is 25% of investment in gold:
... (2)
Total gain equation (using returns of 10%, 6%, 8% on stocks, bonds, gold):
... (3)
From (2), substitute into (1):
Substitute and into (3):
So the investment in bonds Rs .
The question asks for the gain from bonds, not the investment amount.
Gain from Bonds of
Rs