Question

    The amounts invested by 'P' and

    'Q' in Funds 'X' and 'Y' are in the ratio of 8:5. If 'P' invested ₹4800 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 ‘P’ and ‘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 ‘Q’ in Fund ‘Y’ = 5x = Rs. 8000 Amount received by ‘Q’ = 8000(1 + 50/100)2 = Rs.18000

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