Question
A person 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, he gets the same interest. The ratio of his investment is = ?
Answer: Option A
Let the principal in each case = 100 units
According to the question,
1st part
2nd part
3rd part
Principal
→
100x6
100x3
100x2
Rate %
→
10
12
15
Time
→
6
10
12
Interest
→
60x6
120x3
180x2
Interest Interest is same in each, so equal the interest.
Hence required ratio
= 600 : 300 : 200 of sum
= 6 : 3 : 2
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Let the principal in each case = 100 units
According to the question,
1st part
2nd part
3rd part
Principal
→
100x6
100x3
100x2
Rate %
→
10
12
15
Time
→
6
10
12
Interest
→
60x6
120x3
180x2
Interest Interest is same in each, so equal the interest.
Hence required ratio
= 600 : 300 : 200 of sum
= 6 : 3 : 2
Was this answer helpful ?
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