Mr Malik invested ₹ 6000 in his business after 3 years he received ₹ 27000 from the business he invested his gains in a fixed deposit and in shares in ratio 5:2 find how much amount did he invest originally in each of the schemes?
Answers
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Given : Mr Malik invested ₹ 6000 in his business after 3 years he received ₹ 27000 from the business he invested his gains in a fixed deposit and in shares in ratio 5:2
To find : how much amount did he invest in each of the schemes
Solution:
invested ₹ 6000 in his business
received ₹ 27000 from the business
Profit / gain = 27000 - 6000 = 21000 Rs
invested his gains in a fixed deposit and in shares in ratio 5:2
Fixed deposit = (5/(5 + 2) ) * 21000
= (5/ 7) * 21000
= 5 * 3000
= 15000 Rs
Shares = (2/(5 + 2) ) * 21000
= (2/ 7) * 21000
= 2 * 3000
= 6000 Rs
Amount invested in Fixed deposit = Rs 15000
Amount invested in shares = Rs 6000
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