Nikhil, Arya and priya invested 9600, 18000 and 14400. They made a profit of 20%. If they reinvest all their profit by adding it to the capital, what will be each ones share in the following year? [please answer in explanation]
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Answer:
Nikhil : 11520
Arya : 21600
Proya : 17280
Step-by-step explanation:
For Nikhil
Investment ₹9600
(+) profit 20% ₹1920
(9600*20/100)
Total reinvestment of Nikhil = 9600+1920
= ₹11520
For Arya
Investment ₹18000
(+) profit 20% ₹3600
(18000*20/100)
Total reinvestment of Arya =₹18000+ ₹3600
= ₹21600
For Priya
Investment ₹14400
(+)profit 20% ₹2880
(14400*20/100)
Total reinvestment of Priya = ₹14400+ ₹2880
=₹17280
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