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CLAT Exam  >  CLAT Questions  >   Shyam deposited Rs. 80000 in a bank which pa... Start Learning for Free
Shyam deposited Rs. 80000 in a bank which pays 10% compound interest for 2 years. Then after 2 years, he started a business with amount (sum + interest) along with Ram, with capital of Rs. 60,000. Shyam invested for 6 months and left. Ram invested for the whole year. What will be the ratio of their profits at the end of the year?
  • a)
    150 : 221
  • b)
    121 : 150
  • c)
    121 : 130
  • d)
    130 : 121
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Shyam deposited Rs. 80000 in a bank which pays 10% compound interest ...
Capital of Shyam (P) = Rs. 80,000
Rate of Interest (r) = 10%
Time for which he deposited in bank (T) = 2 years
Investment of Shyam in business = Rs. 96800
Investment of Ram in business = Rs. 60000
As given, Shyam invested for 6 months and Ram invested for the whole year (12 months).
Then,
The ratio of their profits at the end of the year
Ratio = 968 : 1200 = 121 : 150
Hence, the correct option is (B).
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Community Answer
Shyam deposited Rs. 80000 in a bank which pays 10% compound interest ...
Given:
Principal amount (P) = Rs. 80,000
Rate of interest (R) = 10%
Time (T) = 2 years
Compound interest formula: A = P(1 + R/100)^T

Calculation:
Amount after 2 years (A) = P(1 + R/100)^T
A = 80,000(1 + 10/100)^2
A = 80,000(1.1)^2
A = 106,480

Sum invested in business = A + P = 106,480 + 80,000 = 186,480

Shyam invested for 6 months, so his share in the profit = (6/12) x (186,480 - 60,000) = 33,240

Ram invested for the whole year, so his share in the profit = (12/12) x (186,480 - 60,000) = 126,720

Ratio of their profits = Shyam's profit : Ram's profit = 33,240 : 126,720

Simplifying the ratio by dividing both terms by 33,240, we get:
Ratio of their profits = 1 : 3.81

Multiplying both terms by 121, we get:
Ratio of their profits = 121 : 460.01

Rounding off to the nearest whole number, we get:
Ratio of their profits = 121 : 460

Therefore, the correct answer is option B) 121 : 150.
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Shyam deposited Rs. 80000 in a bank which pays 10% compound interest for 2 years. Then after 2 years, he started a business with amount (sum + interest) along with Ram, with capital of Rs. 60,000. Shyam invested for 6 months and left. Ram invested for the whole year. What will be the ratio of their profits at the end of the year?a)150 : 221b)121 : 150c)121 : 130d)130 : 121Correct answer is option 'B'. Can you explain this answer?
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Shyam deposited Rs. 80000 in a bank which pays 10% compound interest for 2 years. Then after 2 years, he started a business with amount (sum + interest) along with Ram, with capital of Rs. 60,000. Shyam invested for 6 months and left. Ram invested for the whole year. What will be the ratio of their profits at the end of the year?a)150 : 221b)121 : 150c)121 : 130d)130 : 121Correct answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Shyam deposited Rs. 80000 in a bank which pays 10% compound interest for 2 years. Then after 2 years, he started a business with amount (sum + interest) along with Ram, with capital of Rs. 60,000. Shyam invested for 6 months and left. Ram invested for the whole year. What will be the ratio of their profits at the end of the year?a)150 : 221b)121 : 150c)121 : 130d)130 : 121Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Shyam deposited Rs. 80000 in a bank which pays 10% compound interest for 2 years. Then after 2 years, he started a business with amount (sum + interest) along with Ram, with capital of Rs. 60,000. Shyam invested for 6 months and left. Ram invested for the whole year. What will be the ratio of their profits at the end of the year?a)150 : 221b)121 : 150c)121 : 130d)130 : 121Correct answer is option 'B'. Can you explain this answer?.
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