Question
A and B started a business with investments of Rs.
12,800 and Rs. 16,000, respectively. After a few months, C joined them with an investment of Rs. 9,600. At the end of 16 months, the total profit of Rs. 5,400 was distributed, and C received a share of Rs. 1,080. Based on this, determine after how many months C joined the business.Solution
Let the time for which 'C' invest in the business be 'n' months. Ratio of profit shares of 'A', 'B' and 'C' respectively: = (12,800 X 16) :(16,000 X 16) :(9,600 X n) = 64:80:3n So, 3n ÷ (64 + 80 + 3n) = (1,080/5,400) Or, 3n ÷ (144 + 3n) = (1/5) Or, 15n = 144 + 3n Or, 12n = 144 Or, 'n' = 12 Therefore, time after which 'C' joined the business = 16 - 12 = 4 months
'X' invested Rs. (x + 3000) at compound interest of 20% p.a. compounded annually. 1 year later, he invested Rs. '2x' at simple interest of 15% p.a. If 3...
Ajay lent Rs. 80,000 to Rahul at compound interest of 5% p.a. (compounded annually) for 2 years. Rahul tricked Ajay by paying simple interest instead. F...
A sum doubles in 20 years at simple interest. What is the rate of interest?
If the difference between C.I. and S.I. is Rs. 512 at 20% rate of interest in 3 years, then find the principal on C.I.?
What will be the simple interest on Rs. 6,20,000 from March 30, 2011 to November 04, 2011 at 12 % p.a?
The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs....
If an amount of Rs. 'x' is invested at an annual compound interest rate of 20%, it grows to Rs. 'x + 2200' after 2 years. Calculate the value of 'x + 22...
Rs.7600 is divided into two parts such that if one part be invested at 4% and the other at 5%, the annual interest from both the investments is Rs. 336....
Find the simple interest on ₹5000 at 7% p.a. from 10 March 2023 to 24 May 2023.
- If Rs. 80,000 is invested at 9% per annum simple interest for 6 years, how much amount will be received in the end?