mr pandit invested rs 3,50,000 in a business and recieved 5,50,000 for it after 3 yrs if he reinvested the profit earned in shares and bond in the ratio 7:3 how much amount did he invested in each scheme
Answers
Given : mr pandit invested rs 3,50,000 in a business and recieved 5,50,000 for it after 3 yrs
he reinvested the profit earned in shares and bond in the ratio 7:3
To Find : how much amount did he invested in each scheme
Solution:
invested rs 3,50,000
recieved 5,50,000
Profit = 550000 - 350000
= 200000
reinvested the profit earned in shares and bond in the ratio 7:3
Invested in Shares = (7/(7 + 3)) * 200000 = 140000
Invested in Bonds = (3/(7 + 3)) * 200000 = 60000
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