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Solutions
Given:
Investment of P, Q and R m, 2m and y respectively.
Formula used:
Profit share = investment × time
Explanation:
Profit sharing ratio of P, Q and R = m × t : 2m × 12: y × 12
Given, the profit share of P, Q, and R will be the same.
So,
m × t = 2m × 12
t = 2 × 12
t = 24
t = 24 = 2 years