Question
Download Solution PDFMina has an amount of Rs 6X and she invested 1/3rd of amount in two different schemes A and B in the ratio of 3:2 respectively. From remaining, she paid Rs 2400 to her maid and remaining Rs P he invested in post office. If X : P = 5 : 16, then which of the following statement/s is or are correct?
- Amount invested in scheme B is more than the amount invested in post office.
- Amount spend on maid is more than the amount spend on scheme A
- Amount invested in scheme B equal to Amount spend on maid
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
Total amount 6X.
Invest in scheme A is 6X × (1/3) × ( 3/5) = 1.2X
Invest in scheme B is 6X × (1/3) × (2 /5 ) =0.8X
Remaining amount 6X -2X = 4X
Amount given to maid = Rs 2400
Amount invest in Post office [ 4X – 2400] =P = 16X/5
Or, 20x – 12000 = 16X
Or, 4X = 12000
Or, X = 3000
Invest in scheme A is
⇒ 1.2 × 3000 = 3600
Invest in scheme B is
⇒ 0.8 × 3000 = 2400
Amount invest in post office
⇒ 4 × 3000 – 2400 = 9600
Now,
1)Amount invested in scheme B is more than the amount invested in post office.
Invest in scheme B is = 2400
Amount invest in post office = 9600
It is false.
2) Amount spend on maid is more than the amount spend on scheme A.
Amount given to maid = Rs 2400
Invest in scheme A is = 3600
It is false.
3) Amount invested in scheme B equal to Amount spend on maid.
Amount given to maid = Rs 2400
Invest in scheme B is = 2400
It is true.
Hence the only statement III is correct.