A and B started a business with initial investments in the ratio 14 : 15 and their annual profits were in the ratio 7 : 6. If A invested the money for 10 months, for how many months did B invest his money?
- Suppose A invested Rs. 14a for 10 months and B invested Rs. 15a for b months. Then,
14a x 10 / 15a x b = 7/6 ⇒ b = 840 / 105 = 8
Hence, B invested the money for 8 months.
To solve this problem, we need to use the concept of the ratio of investments and the ratio of profits.
Let the initial investments of A and B be 14x and 15x, respectively.
Let the time for which A invested be 10 months and the time for which B invested be y months.
Since the profits are in the ratio 7:6, we can assume that the total profit is 13x. Therefore, A's profit would be (7/13) times the total profit and B's profit would be (6/13) times the total profit.
According to the question, A invested for 10 months and B invested for y months. Therefore, the ratio of the time for which they invested their money is 10:y.
We can now use the formula: Profit = (Investment × Time × Rate of Profit)/100
We know that A's profit was (7/13) times the total profit, and B's profit was (6/13) times the total profit. Therefore, we can write the following equations:
(7/13) × 14x × 10 = (6/13) × 15x × y
Simplifying this equation, we get:
y = (140/90) = 28/18 = 14/9 months
Therefore, B invested his money for 14/9 months, which is approximately 1.56 months, or 1 month and 16 days.
Since none of the options match this value, we can round it up to the nearest option, which is 8 months (Option D).
Hence, the correct answer is Option D, i.e., B invested his money for 8 months.
If you think the solution is wrong then please provide your own solution below in the comments section .
Was this answer helpful ?
Submit Solution