Ameen started a business investing Rs. 70,000. Rahim joined him after six months with an amount of Rs. 1,05,000 and sameer joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Ameen, Rahim and Sameer respectively, 3 years after Ameen started the business?
Correct answer: B. 12:15:16
- A. 7:6:10
- B. 12:15:16
- C. 42:45:56
- D. Cannot be determined
- E. None of these
Explanation
Ameen invests Rs. 70,000 for 36 months, giving Rs. 70,000 x 36 months = 2,520,000 Rs.-months. Rahim invests Rs. 105,000 for 30 months = 3,150,000 Rs.-months, and Sameer invests Rs. 140,000 for 24 months = 3,360,000 Rs.-months. Dividing these by 210,000 Rs.-months gives 12:15:16. A student may choose 42:45:56 by using inconsistent reductions instead of simplifying all three contributions by the same factor.
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