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A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ?
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A man invests an amount of Rs.15860 in the names of his three sons A,B...
Given:
Amount invested by a man = Rs. 15860
Rate of interest = 5%
Time period for which the amount is invested for sons A, B and C are 2, 3 and 4 years respectively.
The amount invested by A, B and C is same.
To find:
The ratio of amount invested in the name of A, B and C.
Solution:
Let the amount invested by each son be x.
Then, the total amount invested = 3x.
Simple Interest formula: S.I. = (P * R * T) / 100
Amount received by son A after 2 years:
S.I. = (x * 5 * 2) / 100 = 0.1x
Amount received by A = x + 0.1x = 1.1x
Amount received by son B after 3 years:
S.I. = (x * 5 * 3) / 100 = 0.15x
Amount received by B = x + 0.15x = 1.15x
Amount received by son C after 4 years:
S.I. = (x * 5 * 4) / 100 = 0.2x
Amount received by C = x + 0.2x = 1.2x
According to the question,
Amount received by A = Amount received by B = Amount received by C
1.1x = 1.15x = 1.2x
Dividing each term by x:
1.1 = 1.15 = 1.2
Dividing each term by 1.1, we get
1: 1.045: 1.091
Therefore, the ratio of amount invested in the name of A, B, and C is 1: 1.045: 1.091.
Answer:
The ratio of amount invested in the name of A, B, and C is 1: 1.045: 1.091.
Amount invested by a man = Rs. 15860
Rate of interest = 5%
Time period for which the amount is invested for sons A, B and C are 2, 3 and 4 years respectively.
The amount invested by A, B and C is same.
To find:
The ratio of amount invested in the name of A, B and C.
Solution:
Let the amount invested by each son be x.
Then, the total amount invested = 3x.
Simple Interest formula: S.I. = (P * R * T) / 100
Amount received by son A after 2 years:
S.I. = (x * 5 * 2) / 100 = 0.1x
Amount received by A = x + 0.1x = 1.1x
Amount received by son B after 3 years:
S.I. = (x * 5 * 3) / 100 = 0.15x
Amount received by B = x + 0.15x = 1.15x
Amount received by son C after 4 years:
S.I. = (x * 5 * 4) / 100 = 0.2x
Amount received by C = x + 0.2x = 1.2x
According to the question,
Amount received by A = Amount received by B = Amount received by C
1.1x = 1.15x = 1.2x
Dividing each term by x:
1.1 = 1.15 = 1.2
Dividing each term by 1.1, we get
1: 1.045: 1.091
Therefore, the ratio of amount invested in the name of A, B, and C is 1: 1.045: 1.091.
Answer:
The ratio of amount invested in the name of A, B, and C is 1: 1.045: 1.091.
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A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ?
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A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ?.
A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man invests an amount of Rs.15860 in the names of his three sons A,B and C in such a way that they get the same amount after 2,3 and 4 years respectively if the rate of interest is 5% then the ratio of amount invested in the name of A, B and C is ?.
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