Question 2 Zebra invested an amount for six months where Lion invested the same amount for 7 months. What is the ratio in which they can share their profit? 1/45 questions attempted
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2
Answer:
2:7
Step-by-step explanation:
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Since Zebra and lion invested the same amount let the investment be = i
Let the rate of interest be = r%
Zebra invested an amount for six months which means he will get an interest for 6 months this year so his interest will be = i x r% x 6/12
Lion invested an amount for six months which means he will get an interest for 7 months this year so his interest will be = i x r% x 7/12
So their share of profits can be
(i x r% x 6/12) : (i x r% x 7/12)
We can remove the common items, so the profit sharing will be
= 6:7
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