📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    X, Y, and Z each invested amounts of Rs. 60,000, Rs.

    180,000, and Rs. 100,000 at an annual simple interest rate of 5%. The investment durations for X, Y, and Z were 6 years, 2 years, and 5 years, respectively. What percentage of Z’s total accumulated amount was the combined total accumulated amount for X and Y?
    A 150% Correct Answer Incorrect Answer
    B 220.8% Correct Answer Incorrect Answer
    C 180.5% Correct Answer Incorrect Answer
    D 245.2% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Accumulated amount for X = 60000 Ă— (1 + 0.05 Ă— 6) = 60000 Ă— 1.3 = Rs. 78000 Accumulated amount for Y = 180000 Ă— (1 + 0.05 Ă— 2) = 180000 Ă— 1.1 = Rs. 198000 Accumulated amount for Z = 100000 Ă— (1 + 0.05 Ă— 5) = 100000 Ă— 1.25 = Rs. 125000 Required percentage = {(78000 + 198000)/125000} Ă— 100 = 220.8%

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question