Since this question includes multiple choices and fractions I am using a screen shot: http://uploadpic.net/C8WS.png
Is there any reason to use all to the info before " where r=....rate of5%" ?
I really got distracted by all that text.
SInta
zishanpurple Wrote:Two ways of simplifying it and reaching to X=3Y. One directly from the relationship of R with X and Y. And the other by equating the amount after one year from all the three types of investment.
Both of these will lead to same equation.
You then need the help of the answer choices to determine which one is correct.