| | Question 29

A person invest money in three different schemes for 6 years, 10 years and 12 years at 10%, 18% and 30% simple interest respectively. At the completion of each scheme, he gets the same interest. The ratio of his investment is
(A) 3 : 2 : 1
(B) 2 : 6 : 1
(C) 6 : 2 : 1
(D) 1 : 2 : 6

Answer: (C)
Explanation: When interest is equal then sum of amount will be distributed in following ratio.
1/R₁ T₁ : 1/R₂ T₂ : 1/R₃ T₃
1/6×10 : 1/10×18 : 1/12×30
1/6 : 1/18 : 1/36
6 : 2 : 1
Quiz of this Question
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