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. If the amount reinvested in Equity Funds was INR 94500/-, what was the original amount invested in Equity Funds?

  • INR 75,000/-
  • INR 81,000/-
  • INR 60,000/-
  • INR 65,000/-
  • None of these
  • Explanation:

    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)

    = 4x ×130/100+5x×130/100 = 11.7x

    Amount reinvested in Equity Funds = 11.7x ×7/13

    According to question, 11.7x ×7/13 = 94500

    6.3x = 94500

    x = 15000

    ∴ Original amount invested in Equity Funds = 5×15000

    = INR 75,000/-

     

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Mr. X invested a certain amount in Debit and Equity Funds in the ratio of 4:5 respectively. At the e
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