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A man wants to invest at most 12000 in savings certificate and N.S.C. He has to invest at leat Rs. 2000 in saving certificate and at least Rs. 4000 inN.S.C. If the rate of interest on saving certificate is 8% per annum and rate of interest on N.S.C. is 10% per annum, how much money he should invest to earn maximum yearly income? Find also the maximum yearly income. |
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Answer» Investment in N.S.C. = Rs. 10,000 Maximum INTEREST INCOME = Rs. 1,160 |
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