If Ram, Shyam and Mohan invested Rs. 16000, Rs. 15000, and Rs. 75000 respectively for 2 years, 3 years, and half years. Find the ratio of their profit at the end.
Answer & explanation
Correct answer: option 2
Ram Shyam Mohan
Investment ⇒ 16000 15000 75000
Inv. Ratio ⇒ 16 : 15 : 75
Time ⇒ 2 yrs 3 yrs 0.5 yrs
Profit Ratio ⇒ 32 : 45 : 37.5
⇒ 64 : 90 : 75