Question

Raman invested Rs. 70,000 in a bank offering 10%

Q: Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 ye

imgsrchttpswwwixambeecomquestionimageChapter1735552511186JPGaltRajinvested50000for12monthsRequiredratio847008500001267760060000067766000847750

compound interest per annum for 2 years. After 2 years, he used the total amount to start a business with Raj, who contributed Rs. 50,000. Raman invested his amount for 8 months, while Raj kept his investment in the business for the entire year. What will be the ratio of their profits at the end of the year?

A 8: 5

B 4: 7

C 9: 8

D 9: 7

E none

Practice Next

Relevant for Exams:

IBPS CLERK

Question

Raman invested Rs. 70,000 in a bank offering 10%

Solution

Relevant for Exams:

Download the app