Mr. X invested a certain amount in Debit and Equity Funds in the ratio of 4 : 5 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 Funds. If the amount reinvested in Equity Funds was Rs.94,500/-, what was the original amount invested in Equity Funds ?
Correct Answer: Description for Correct answer:
Let the common ratio be x
The amount invested in Debit Funds = 4x
The amount invested in Equiity Funds = 5x
After one year, Mr. X's total amoount (including dividend) = \( 4x \times \frac{130}{100} + 5x \times \frac{130}{100} \)
11.7x
Amount reinvested in Equity Funds = \( 11.7x \times \frac{7}{13} \)
\( 11.7x \times \frac{7}{13} = 94500 \)
6.3x = 94500
x = 15000
The original amount invested in Equity Funds = \( 5 \times 15000 = Rs.75000/- \)
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