Question
A and B started a business with initial investments of
Rs. 30000 and Rs. 40000 respectively. After one year, a profit of Rs. 8000 is earned. A being a working partner gets 23% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 10% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 30000:40000 = 3:4 Profit share of A for being a working partner = 0.23 times; 8000= Rs. 1840 Profit share of A for his investment = 3/7 times; 0.77 times; 8000 = Rs. 2640 Total profit of A = Rs. 2640 Compound interest earned by A = 4480{(1 + 0.10)2ndash; 1} = Rs. 940.8
More Simple and compound interest Questions
2(3/4) of 2880 + 54% of 7520 - ? = 302
Find the value of the following expression:
372 ÷ 56 × 7 – 5 + 2
- What will come in place of (?), in the given expression.
(5³ + 3²) × 2 = ? (1225/25) - (192/96) + (50/5) = ?
What will come in the place of question mark (?) in the given expression?
(555 + 385 - 535) ÷ 15 X ? = 36 X 30
- What will come in place of (?), in the given expression.
75% of 640 – 20% of 150 = ? `(21 xx 51 + 54)/(9 xx 14 - 30 )` =?
95% of 830 - ? % of 2770 = 650
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