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

    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 mutualFunds. If the amount reinvested in Equity mutualFunds was Rs. 98,400, what was the original amount invested in Equity mutualFunds?
    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

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