- 04/24/2019 at 9:21 am #592867EduGorillaKeymasterSelect Question Language :
Directions: Study the given information carefully to answer the question that follows:
Two friends A and B invested Rs. 20,000 and Rs. 15,000, respectively for a period of 3 years. A put the money in a fixed deposit at a compound rate of 8.5% p.a. while B put his money in mutual fund which gave him 12.5% compounded annually.
What was the total amount received by B after 3 years if he had to pay 1% to his Mutual Fund Adviser as a commission on the interest earned by him?
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