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Question

A invested a certain amount in Debt and Equity mutual funds in the ratio of 5: 6 respectively. At the end of one year, he earned a total dividend of 40% on his investment. After one year he reinvested the amount including dividend in the ratio of 3: 4 in Debt and Equity mutual Funds. If the amount reinvested in Equity mutual Funds was Rs. 83,600, what was the original amount invested in Equity mutual Funds?

A 57000 Correct Answer Incorrect Answer
B 41000 Correct Answer Incorrect Answer
C 48000 Correct Answer Incorrect Answer
D 66100 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Total amount reinvested by A = 83600 x (7/4) = 146300 Total amount invested by him at starting = (100/140) x 146300 = 104500 Required amount = (6/11) x 104500 = 57000

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