Question
A invested a certain amount in Debt and Equity mutual
funds in the ratio of 5: 7 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including dividend in the ratio of 6: 7 in Debt and Equity mutualĀ Funds. If the amount reinvested in Equity mutualĀ Ā Funds was Rs. 84,000, what was the original amount invested in Equity mutualĀ Funds?Solution
Total amount reinvested by A = 84000 x (13/7) = 156000 Total amount invested by him at starting = (100/130) x 156000 = 120000 Required amount = (7/12) x 120000 = 70000
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