The ratio of investment of A:B is 8:7 and the ratio of year end profits is 20:21. If B invested for 12 months,then find the period of investment then
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The period of investment of A is 10 month.
Step-by-step explanation:
Ratio of investment by A to B =
Ratio of profit of A to B =
B invested his money for 12 month
Let A invested the money for x months
According to the question,
By cross multiplication,
So, The period of investment of A is 10 month.
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