A) X Rs.1,600 ; Y Rs.800
B) X Rs.900 ; Y Rs.600
C) X Rs.1,000 ; Y Rs.500
D) No interest will be allowed
Correct Answer: C
Solution :
[c] X Rs.1,000 ; Y Rs.500 |
Hint: Interest on Capital: (Rs.) |
X\[\Rightarrow \] \[20,000\times \frac{8}{100}\] = Rs.1,600 |
Y\[\Rightarrow\]\[10,000\times \frac{8}{100}\] = 800 |
2,400 |
Xs Interest = \[\frac{1,600}{2,400}\times 1,500\] = Rs.1,000 |
Ys Interest = \[\frac{800}{2,400}\times 1,500\] = Rs.500 |
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