Question: Abhijit inverted in three schemes A, B and C the amounts in the ratio of 2: 3: 4, respectively. If the schemes offered interest at the rate of 20% per annum, 16% per annum and 15% per annum respectively, then what will be the respectively ratio of the amounts after one year? [LIC (AAO) 2013]
Options:
A) 10: 8: 5
B) 12: 14: 15
C) 12: 15: 22
D) Cannot be determined
E) None of the above
Show Answer
Answer:
Correct Answer: E
Solution:
- Let Abhijit invested Rs. $ 2x, $ $ 3x $ and Rs. $ 4x $ in three schemes A, B and C. respectively.
$ \therefore $ Required ratio
$ =2x\times \frac{120}{100}:3x\times \frac{116}{100}:4x\times \frac{115}{100} $
$ =2\times 120:3\times 116:4\times 115 $
$ =60:87:115 $