If Ram, Shyam and Mohan invested Rs.16000, Rs.15000, and Rs.30000 respectively for 1 years, 2 years, and 3 years. Find the ratio of their profit at the end.
Answer & explanation
Correct answer: option 3
Ram Shyam Mohan
Investment ⇒ 16000 15000 30000
Inv. Ratio ⇒ 16 : 15 : 30
Time ⇒ 1 years 2 years 3 years
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Profit Ratio ⇒ 16 : 30 : 90
⇒ 8 : 15 : 45