Three friends A, B and C invested in a firm 6:9:8, respectively. One year later, A increased his investment by 25%. After 2 years, investments of B and C become twice and 1.5 times of their initial investments respectively. Profit of Rs. 7650 is distributed among them after 3 years. Find the profit amount received by B?a)Rs. 3245b)Rs. 3540c)Rs. 3240d)Rs. 4240e)None of theseCorrect answer is option 'C'. Can you explain this answer?

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Three friends A, B and C invested in a firm 6:9:8, respectively. One year later, A increased his investment by 25%. After 2 years, investments of B and C become twice and 1.5 times of their initial investments respectively. Profit of Rs. 7650 is distributed among them after 3 years. Find the profit amount received by B?

a)
Rs. 3245
b)
Rs. 3540
c)
Rs. 3240
d)
Rs. 4240
e)
None of these

Correct answer is option 'C'. Can you explain this answer?

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Three friends A, B and C invested in a firm 6:9:8, respectively. One ...

According to question,

Let the initial amount invested by A, B and C = 6x:9x:8x

One year later, A increased his investment by 25%

After 2 years, investment of B becomes twice

After 2 years, investment of C becomes 1.5 times

Total profit after 3 years = Rs. 7650

So, total time period= 3 years

Ratio of profit shares = [(6x * 1) + (125% * 6x * 2)]: [(9x * 2) + (2 * 9x * 1)]: [(8x * 2) + (1.5x * 8 * 1)] = 21:36:28

Profit amount received by B = Rs. 36/85 x 7650 = Rs. 3240

Hence, answer is option C

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Three friends A, B and C invested in a firm 6:9:8, respectively. One ...

Let's assume that the initial investments of A, B, and C are 6x, 9x, and 8x respectively.

After 1 year, A increased his investment by 25%, so his investment becomes (6x + 25% of 6x) = 6x + (1.5x) = 7.5x.

After 2 years, the investments of B and C become twice and 1.5 times their initial investments respectively.

Investment of B after 2 years = 9x * 2 = 18x
Investment of C after 2 years = 8x * 1.5 = 12x

Now, let's calculate the profit distribution after 3 years.

The total investment after 3 years = (Initial investment of A + Initial investment of B + Initial investment of C) + (Additional investment of A + Investment of B after 2 years + Investment of C after 2 years)
= (6x + 9x + 8x) + (7.5x + 18x + 12x)
= 30x + 37.5x
= 67.5x

The total profit after 3 years is Rs. 7650. So, the profit per unit of investment is 7650/67.5x = Rs. 113.33 per x.

Now, let's calculate the profit received by each friend.

Profit received by A = Profit per unit of investment * Investment of A after 3 years
= 113.33 * 7.5x
= 849.98x

Profit received by B = Profit per unit of investment * Investment of B after 3 years
= 113.33 * 18x
= 2039.94x

Profit received by C = Profit per unit of investment * Investment of C after 3 years
= 113.33 * 12x
= 1360x

Therefore, the profit received by B is Rs. 2039.94x. Since the value of x is not given, we cannot determine the exact amount. So, the answer is None of these.

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Three friends A, B and C invested in a firm 6:9:8, respectively. One year later, A increased his investment by 25%. After 2 years, investments of B and C become twice and 1.5 times of their initial investments respectively. Profit of Rs. 7650 is distributed among them after 3 years. Find the profit amount received by B?a)Rs. 3245b)Rs. 3540c)Rs. 3240d)Rs. 4240e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Three friends A, B and C invested in a firm 6:9:8, respectively. One year later, A increased his investment by 25%. After 2 years, investments of B and C become twice and 1.5 times of their initial investments respectively. Profit of Rs. 7650 is distributed among them after 3 years. Find the profit amount received by B?a)Rs. 3245b)Rs. 3540c)Rs. 3240d)Rs. 4240e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Three friends A, B and C invested in a firm 6:9:8, respectively. One year later, A increased his investment by 25%. After 2 years, investments of B and C become twice and 1.5 times of their initial investments respectively. Profit of Rs. 7650 is distributed among them after 3 years. Find the profit amount received by B?a)Rs. 3245b)Rs. 3540c)Rs. 3240d)Rs. 4240e)None of theseCorrect answer is option 'C'. Can you explain this answer?.

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