Question
‘A’ and ‘B’ started a business by investing
certain sum in the ratio 7:5, respectively for 6 years. If 16% of the total profit is donated in an orphanage and A’s share is Rs. 1764, then find the total profit generated from the business.Solution
Since, ‘A’ and ‘B’ invested their sums for equal period, therefore, ratio of the profit received by ‘A’ and ‘B’ will be equal to the ratio of sum invested by them i.e. 7:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between ‘A’ and ‘B’ = 0.84 × 100x = Rs. 84x Profit received by ‘A’ = 84x × (7/12) = Rs. 49x According to the question, 49x = 1764 => x = 36 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 3600
What sum of money must be given at simple interest for 8 months at 4% per annum in order to earn Rs. 320 interest?
'X' deposited a total of 40% of his monthly salary in two SIPs, P and Q. SIP P offers compound interest at the rate of 10% p.a., compounded annually, wh...
Sneha deposited Rs. ‘R’ in a bank offering compound interest of 13% p.a. compounded annually. After 3 years, she invested the amount received from t...
Rs. 33000 was partly lent at 5% & remaining at 8% S.I. If total interest received from both was Rs. 6930 in 3 years. Then find the amount kept at 5%...
Suresh earned an interest of Rs. 774 on principal amount of Rs. 2400 at some rate of compound interest in 2 years. How much more/less interest would he ...
A vessel contains 120 liters of a mixture of milk and water, with 75% of it being milk. If 30 liters of this mixture is replaced by 30 liters of water, ...
A certain sum of money becomes Rs. 1800 in 1 year and 2500 in 3 years at certain rate of simple interest. Find the sum of money invested.
A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount b...
- Rs. 3,300 is put into a savings scheme at a simple interest rate of 36% per annum for 3 years. The maturity amount is then invested in a business venture t...
Anoop invested Rs. 'r', while Binny invested Rs. 15,000. After 7 months, Anoop reduced his investment by Rs. 3,000, and Binny red...
