Question
Bittu, Tittu and Mitthu invested Rs. 80000, Rs. 100000 and Rs. 120000 respectively to start a business . Partnership condition is that, each will get interest on his capital at the rate of 15% per annum and the remaining profit will be divided in the ratio of their capitals. If at the end of the year the total profit is Rs. 59250, then find the share of Mitthu on profit?
More Simple and compound interest Questions
- Mr. X invested Rs. 600 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 16% per annum and ...
- A man invested certain sum at 9.5% p.a. simple interest for his son who was 14 years old. If the amount received by the son when he was 27 years old is Rs....
- A certain sum of money becomes 4000 in 6 years and Rs. 5000 in 10 years at any certain rate of simple interest. Find the principal amount.
- Determine the value of 'K' if an investment of Rs. 30,000, made under a simple interest scheme at an annual rate of 18%, yields an interest amount of Rs. (...
- R' invested some money at a compound interest rate of 40% p.a., compounded quarterly. If after 9 months, he received an amount of Rs. 1,99,650, then the su...
- A sum when invested at simple interest of 10% p.a. amounts to Rs. 26,000 after 3 years. If the same sum was invested at simple interest of 8% p.a. for 5 ye...
- "R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then the ...
- The interest received by investing Rs. 4500 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple intere...
- An amount becomes seven times of itself in 48 years at simple interest. Find the value of (5R − 15), where R is the rate of interest per annum.
- "A person 'P' deposited Rs. ‘a’ in SIP 'A' and Rs. ‘b’ in SIP 'B'. He invested in SIP 'A' for 4 years at a simple interest rate of 5% p.a., while in SIP 'B...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)