Mr. Shaik invested Rs. 4,00,000 in a glass industry
After 2 years he received Rs. 5,20,000 from the
industry putting aside the original investment he
invested his gain in a fix deposite and in shares in
the ratio 3:2 how much amount did he invest
originally in each of the scheme
Answers
Step-by-step explanation:
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Question: Mr.shaikh invested Rs 400000 in a glass industry after 2 years he received Rs 520000 from the industry. Putting aside the original investment,he invested his gains in a fixed deposit and in shares in the ratio 3:2 how much amount did he invest in shares?
To find: We have to find his investment done by Mr. Shaikh in fixed deposit and shares.
Answer: Mr. Shaikh invested Rs 72,000 in fixed deposit and Rs 48,000 in shares.
Step-by-step explanation:
Step 1: First we would find the Mr. Shaikh's profit at the end of the 2 years.
= 5,20,000 - 4,00,000
= 1,20,000
Mr. shaikh profit at the end of the 2 years is Rs 1,20,000.
Step 2: Given that, Mr. shaikh invest in fixed deposit and shares in the ratio of 3:2.
Amount invested in fixed deposit:
= 3/5 × 1,20,000
= 3 × 24000
= 72,000 rupees
Therefore, Mr. shaikh invested Rs 7,20,000 in fixed deposit.
Step 3: We should now find the Amount invested in shares:
= 2/5 × 1,20,000
= 2 × 24,000
= 48,000
Therefore, Amount invested by Mr. Shaikh in shares is 48,000.
- Mr. Shaikh invested Rs 72000 in fixed deposit and Rs 48,000 in shares.