Question
Ishaan and Kabir invested ₹25,000 and ₹30,000
respectively. For the next six months after the first month Ishaan kept on adding ₹1000 while Kabir kept on removing ₹2000 every month. In the remaining months Ishaan kept on removing ₹1000 while Kabir kept on adding ₹2000 every month. Naina joined them with ₹60,000 four months after the start and continued till the end. If the total profit is ₹2,30,000, what will be the difference in the shares of Naina and Ishaan?Solution
Ishaan's investment: 1000 [25 + (26+27+28+29+30+31) + (30+29+28+27+26)]
= 1000 [25 + 171 + 140]
= 1000 [336] = ₹3,36,000
Kabir's investment: 1000 [30 + (28+26+24+22+20+18) + (20+22+24+26+28)]
= 1000 [30 + 138 + 120]
= 1000 [288] = ₹2,88,000
Naina's investment: 8 × 60,000 = ₹4,80,000
Ratio of Profits: 336 : 288 : 480
Difference in the shares of Naina and Ishaan:
{(480-336) × 2,30,000}/(336+288+480)
= (144 × 2,30,000)/1104 = ₹30,000
What initiative is being launched by MoSPI in October 2024 to track private sector capital expenditure?
Which city reclaimed the third position in the GFCI 36 ranking from Singapore?
What is the Full form of FIMMDA?
Significant initiatives have been introduced under Aatmanirbhar Bharat and Make in India programmes to enhance India’s manufacturing capabilities and ...
Which country was among the major sources of FDI inflows to India between April and July 2024?
According to the IFSCA (BATF) Regulations 2024, what is the penalty for BATF Service Providers who violate the regulations?
As per the IFSCA Circular on OTC Derivatives on Gold and Silver (June 2024), by when must IFSC Banking Units (IBUs) report OTC derivatives transactions ...
Which Indian institution plays a leading role in overseeing the Sovereign Gold Bond (SGB) Scheme?
RBI announced the interest rate for short-term loans upto Rs 300,000 through Kisan Credit cards (KCC) will be ___ % for the current financial year (FY23)?
Consider the following statements and choose the option with correct Statements.
I- The Union government's non-debt receipts comprise revenue ...