[School Librarian 2021 ]

6. A sum was invested at simple interest at a certain interest for 2 years. It would have fetched Rs.60 more had it been invested at 2% higher interest rate. What was sum invested ?





Answer & Solution

Answer:

1500

[School Librarian 2021 ]

7. Suresh, Mukesh and Ramesh enter into a partnership with investment in the ratio of \(2 \over 5\) : \(3 \over 8\) : \(4 \over 12\). After three months, Suresh again invested equal to his earlier investment. If the total profit at the end of the year is Rs. 59150, then what will be the share of Suresh in the profit ?





Answer & Solution

Answer:

29400