If Ram, Shyam and Mohan invested Rs.8000 , Rs.12000 , and Rs.16000 respectively for 2 years, 3 years, and half years. Find the ratio of their profit at the end.
Answer & explanation
Correct answer: option 2
A B C
Investment ⇒ 8000 12000 16000
Inv. Ratio ⇒ 2 : 3 : 4
Time ⇒ 2 years 3 years 0.5 years
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Profit Ratio ⇒ 4 : 9 : 2
(*Profit ratio = Inv. ratio × time ratio)