ExamVeda
Login
Home
This question belongs to Arithmetic Ability Interest
Interest
?

A person invests money in three different schemes for 6 years, 10 years and 12 years at 10 percent, 12 percent and 15 percent simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is

Answer & Solution
Correct Answer: Option D
Let the three amounts be Rs. x, Rs. y and Rs. z,
Then,
$$\eqalign{ & \frac{{x \times 10 \times 6}}{{100}} = \frac{{y \times 12 \times 10}}{{100}} = \frac{{z \times 15 \times 12}}{{100}} \cr & \Rightarrow 60x = 120y = 180z \cr & \Rightarrow x = 2y = 3z = k(say) \cr & \Rightarrow x = k,y = \frac{k}{2},z = \frac{k}{3} \cr & \Rightarrow x:y:z = k:\frac{k}{2}:\frac{k}{3} \cr & \Rightarrow x:y:z = 1:\frac{1}{2}:\frac{1}{3} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 6:3:2 \cr} $$
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.