New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    ‘M’ invested Rs. 36000 in a business. ‘N’ joined

    after ‘x’ months with an investment of Rs. 12000 less than ‘M’. If the ratio of the profits received by them after 2 years is 6:1, then find the time after which ‘N’ joined.
    A 16 months Correct Answer Incorrect Answer
    B 14 months Correct Answer Incorrect Answer
    C 12 months Correct Answer Incorrect Answer
    D 20 months Correct Answer Incorrect Answer
    E 10 months Correct Answer Incorrect Answer

    Solution

    Respective ratio of the profits received by ‘M’ and ‘N’
    = (36000 × 24) : {24000 × (24 – x)} = 6/1
    Or, 24 – x = 4
    Or, x = 20 months

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