SATHEE: Quantitative Aptitude Ques 1387

Quantitative Aptitude Ques 1387

Question: Mr. X invested a certain amount in debt and equity funds in the ratio of4:5. At the end of one year, he earned a total dividend of 30% on his investment. After one year, he reinvested the amount including the dividend in the ratio of 6: 7 in debt and equity funds. If the amount reinvested in equity funds, was Rs. 94500, what was the original amount invested in equity funds? [SBI (PO) 2011]

Options:

A) Rs. 75000

B) Rs. 81000

C) Rs. 60000

D) Rs. 65000

E) None of these

Show Answer

Answer:

Correct Answer: A

Solution:

Let the amount in equity funds in the original amount be Rs. 5x. $ \because $ Profit at the end of first year $ =9x+\frac{30}{100}=Rs\text{. 2}\text{.7}x $ Amount $ =9x+2.7x=11.7x $ $ \because $ Equity fund at the end of first year $ =\frac{7\times 11.7x}{13} $ According to the question, $ \frac{7\times 11.7x}{13}=94500 $

$ \Rightarrow $ $ x=Rs\text{. 15000} $

$ \therefore $ Amount invested in equity funds $ =5x=5\times 15000=Rs\text{.}75000 $

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