ExamVeda
Login
Home

A person invests money in three different schemes for 6 years...

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%, 12% and 15% 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 A
Let the principal in each case = 100 units According to the question,
              1st part     2nd part     3rd part  
  Principal     →     100x6     100x3     100x2  
  Rate %     →     10     12     15  
  Time     →     6     10     12  
  Interest     →     60x6     120x3     180x2  
Interest Interest is same in each, so equal the interest.
Hence required ratio
= 600 : 300 : 200 of sum
= 6 : 3 : 2
Examveda
Question posted by Examveda
Community

Join the Discussion

1 Comment
Shahbaz Maqbool
Shahbaz Maqbool 5 years ago
How we can write 6*3*2
Keep Learning

Related Questions on Interest

Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A. Rs. 450 B. Rs. 524 C. Rs. 600 D. Rs. 624
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs. 1380 B. Rs. 1290 C. Rs. 1470 D. Rs.1200 E. Rs. 1240
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
A. 8% B. 9% C. 10% D. 11% E. 12%
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs. 2300 B. Rs. 2315.25 C. Rs. 2310 D. Rs. 2320 E. None of these
More Related Questions on Interest