Question
A and B started a business with investments in the ratio
of 5:6 respectively. If after three year, the profit earned by A is Rs. 1800, then find the total profit earned in the business after 3 year.Solution
Ratio of profit share of A: B = 5 × 3: 6 × 3 = 5: 6 Total profit in business = (1800/5) × (5 + 6) = Rs. 3960
In MS Excel, the function =PMT(rate, nper, pv) is used to calculate the:
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