Ram, Shyam and Mohan invested Rs 16,000, Rs 15,000 and Rs 30,000 for 1 year, 2 years and 3 years respectively. Find the ratio Ram : Shyam : Mohan of their profits at the end.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 8 : 15 : 45
Profit is shared in the ratio of capital × time.
Ram: \(16000\times1=16000\)
Shyam: \(15000\times2=30000\)
Mohan: \(30000\times3=90000\)
Ratio \(=16000:30000:90000\); dividing by 2000 gives \(8:15:45\)
The profits are in the ratio 8 : 15 : 45.