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


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    Question

    A invested a certain amount in Debt and Equity mutual

    funds in the ratio of 3: 7 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including dividend in the ratio of 5: 8 in Debt and Equity mutual Funds. If the amount reinvested in Equity mutual Funds was Rs. 98,400, what was the original amount invested in Equity mutual Funds?
    A 75000 Correct Answer Incorrect Answer
    B 80000 Correct Answer Incorrect Answer
    C 86100 Correct Answer Incorrect Answer
    D 62400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total amount reinvested by A = 98400 x (13/8) = 159900 Total amount invested by him at starting = (100/130) x 159900 = 123000 Required amount = (7/10) x 123000 = 86100

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call