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      Question

      The amounts invested by 'P' and

      'Q' in Funds 'X' and 'Y' are in the ratio of 8:5. If 'P' invested β‚Ή4800 more than 'Q,' determine the total amount that 'Q' will receive after two years if his investment earned compound interest at 50% per annum, compounded yearly.
      A Rs.15200 Correct Answer Incorrect Answer
      B Rs.18000 Correct Answer Incorrect Answer
      C Rs.16200 Correct Answer Incorrect Answer
      D Rs.20000 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the sum invested by β€˜P’ and β€˜Q’ be Rs. 8x and Rs. 5x, respectively According to the question, 8x – 5x = 4800 Or, 3x = 4800 Or, x = 1600 Therefore, sum invested by β€˜Q’ in Fund β€˜Y’ = 5x = Rs. 8000 Amount received by β€˜Q’ = 8000(1 + 50/100)2 = Rs.18000

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