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    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 mutual Funds. If the amount reinvested in Equity mutual  Funds was Rs. 84,000, what was the original amount invested in Equity mutual Funds?
    A 75000 Correct Answer Incorrect Answer
    B 70000 Correct Answer Incorrect Answer
    C 86100 Correct Answer Incorrect Answer
    D 62400 Correct Answer Incorrect Answer

    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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