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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 way that they get the same SI 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) 6:4:3 b) 3:4:6 c) 30:12:5 d) non of these?
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A man invests an amount of RS.15860 in the names of his three sons A,B...
Solution:

Given,
- Total amount invested = Rs. 15860
- Rate of Interest = 5%

Let the amount invested in the name of A, B, and C be Rs. x, Rs. y, and Rs. z respectively.

Calculation of Simple Interest:

- A gets the same SI after 2 years, so
- SI = (x * 5 * 2)/100 = 0.1x
- B gets the same SI after 3 years, so
- SI = (y * 5 * 3)/100 = 0.15y
- C gets the same SI after 4 years, so
- SI = (z * 5 * 4)/100 = 0.2z

Equating the Simple Interests:

As the three sons get the same SI, we can equate them as follows:
- 0.1x = 0.15y = 0.2z

Finding the Ratio:

We can solve the above equation to find the values of x, y, and z as follows:
- 0.1x = 0.15y
- x/y = 3/2

- 0.15y = 0.2z
- y/z = 4/3

- x/y = 3/2
- y/z = 4/3
- x:y:z = 9:12:8
- x:y:z = 3:4:3/2
- x:y:z = 6:8:5

Therefore, the ratio of the amount invested in the name of A, B, and C is 6:8:5 or 30:40:25.
So, option (c) 30:12:5 is the correct answer.
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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 way that they get the same SI 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) 6:4:3 b) 3:4:6 c) 30:12:5 d) non of these?
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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 way that they get the same SI 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) 6:4:3 b) 3:4:6 c) 30:12:5 d) non of these? 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 way that they get the same SI 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) 6:4:3 b) 3:4:6 c) 30:12:5 d) non of these? 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 way that they get the same SI 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) 6:4:3 b) 3:4:6 c) 30:12:5 d) non of these?.
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