Q201.Direction of the question: Solve the following question and mark the best possible option.
Mr. Pinto invests one-fifth of his capital at 6%, one-third at 10% and the remaining at 1%, each rate being simple interest per annum. Then, the minimum number of years required for the cumulative interest income from these investments to equal or exceed his initial capital is (in numerical value only)
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Q201
27 Nov 2022
Q201.Direction of the question: Solve the following question and mark the best possible option.
Mr. Pinto invests one-fifth of his capital at 6%, one-third at 10% and the remaining at 1%, each rate being simple interest per annum. Then, the minimum number of years required for the cumulative interest income from these investments to equal or exceed his initial capital is (in numerical value only)
