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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 Debit and Equity Funds. If the amount reinvested in Equity Funds was Rs 94.500/-. what was the original amount invested in Equity Funds ?


A) Rs 75,000/-

B) Rs 81,000/-

C) Rs 60,000/-

D) Rs 65,000/-

E) None of these

Correct Answer:
A) Rs 75,000/-

Description for Correct answer:
Let the common ratio be x.

The amount invested in Debit Funds: 4x

The amount invested in Equity Funds = 5x

After one year, Mr. X's total amount (including dividend)

= \( \Large 4x \times \frac{130}{100} + 5x \times \frac{130}{100} \)

According reinvested in Equity Funds =\( \Large 11.7x \times \frac{7}{13} \)

\( \Large 11.7x \times \frac{7}{13} = 94500 \)

\( \Large 6.3x = 94500 \)

\( \Large x = 15000 \)

The original amount invested in Equity Fund = 5 X 15000 = Rs 75,000/-


Part of solved IBPS PO-Prelims4 questions and answers : Exams >> Bank Exams >> IBPS PO-Prelims4




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