Problem: If one-third of the fund of an endowment was invested in stocks, and of the other two- thirds 25% each was invested in bonds and in mutual fund, and the residual amount of Taka 60,000 was invested in treasury bills, what was the total size of the endowment?
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Correct Answer: 180000
Explanation:
$\frac{1}{3}$ th was invested in stocks.
Rest was (1 -$\frac{1}{3}$) =$\frac{2}{3}$ of the fund
in bonds = $\frac{2}{3}$ x 25%=$\frac{1}{6}$ th & in mutual fund = $\frac{1}{6}$ th ofthe fund.
Residual .part = (I -$\frac{1}{3}$-$\frac{1}{6}$-$\frac{1}{6}$) =$\frac{1}{3}$
$\frac{1}{3}$rd of the endowment = 60,000
Total size = 60,000 x 3 = 1,80,000
