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ca cpt maths query

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(Querist)
01 May 2016 The interest paid on each of three different sums of money yielding 3%, 4% and 5% simple interest p.a. respectively is the same. The average yield per cent on the total sum invested is.....?
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CA Prateek Garg

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CA Prateek Garg (Expert)
01 May 2016 It should be 3.83%.....
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CA Prateek Garg

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CA Prateek Garg (Expert)
02 May 2016 Let us assume any number to be the amount yielded in each investment...

I am assuming it to be Rs. 5/-

Now

Total Return = Rs. 5 X 3 Investments = Rs. 15

Total Investment = 5/3% + 5/4% + 5/5% = Rs.391.66

Consolidated Yield = 100 X 15 / 391.66 = 3.83%
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Roshni karda

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Roshni karda (Querist)
03 May 2016 thank u very much sir
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