A) Rs. 700000
B) Rs. 500000
C) Rs. 450000
D) Rs. 750000
Correct Answer: B
Solution :
Rammurthy's investments for 3 yr \[=(250000\times 3+100000\times 2+100000\times 1)\] = Rs. 1005000 Siddharth's investment for 3 yr \[=350000\times 2\]= Rs. 700000 Ranjan's investment for 3 yr \[=350000\times 1\]= Rs. 350000 \[\therefore \]Ratio= 1005000 : 700000 : 350000= 3 : 2 : 1 Siddhartha's profit \[=\frac{2}{3+2+1}\times 1500000\] = Rs. 500000You need to login to perform this action.
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