Question
Download Solution PDFAparna invests money in three different schemes for 6 years, 10 years and 12 years at 10%, 12% and 15% simple interest respectively. At the completion of each scheme, she gets the same interest. The ratio of her investments is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Time = 6 yrs, 10 yrs, 12 yrs
Rate = 10%, 12%, 15%
Interest from each scheme is equal
Formula used:
Simple Interest (SI) =
If SI is same, then
Calculation:
Investment ratio =
⇒ Investment ratio =
Take LCM of 60, 120, 180 = 360
⇒ Ratio = 360 ÷ 60 : 360 ÷ 120 : 360 ÷ 180
⇒ Ratio = 6 : 3 : 2
∴ The correct answer is 6 : 3 : 2
Last updated on Jul 1, 2025
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