Mr. X invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 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 6 : 7 in Debit and Equity funds respectively. If the amount reinvested in Equity funds in second case was Rs 94,500, what was the original amount invested in Equity funds?

Report

Report an issue

Name

Email

Message

Submit

Cancel

BANK PO Exam (SBI) 2011 click here to view all questions

Mr. X invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 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 6 : 7 in Debit and Equity funds respectively. If the amount reinvested in Equity funds in second case was Rs 94,500, what was the original amount invested in Equity funds?

ARs.75000

BRs.81005

CRs.60000

DRs.65007

Nithin ? undefined

Correct answer is: Rs.75000

Explanation:

Debt = 400X
Equity = 500X
Total = 900X
Earning = 30% of 900X = 270X
Total amount of money reinvested = 1170X
Debt = 6/13*1170X = 540X
Equity = 7/13 * 1170X = 630X
630X = 94500
500X = 500/630 * 94500 = 75000

All DiscussionsClick here to write answer

Correct answer is: Rs.75000 Explanation: Debt = 400X Equity = 500X Total = 900X Earning = 30% of 900X = 270X Total amount of money reinvested = 1170X Debt = 6/13*1170X = 540X Equity = 7/13 * 1170X = 630X 630X = 94500 500X = 500/630 * 94500 = 75000 Nithin ? answered undefined All Comments

Post your answers here:

Post

Post your comments here:

Message

Post

Cancel