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Solutions
The correct answer is Option 3 i.e. Rs. 24827.6.
Amount invested by A = Rs. 15000
Amount invested by B = Rs 20000
Amount invested by C = Rs 16000
Total profit after 2 years = Rs. 90000
Total amount = amount invested × number of
months
Total amount invested by A = 15000(24) = Rs. 360000
Total amount invested by B = 20000(24) = Rs. 480000
Total amount invested by C = 16000(20) = Rs. 320000
The ratio of their investment = A : B : C = 360000 : 480000 : 320000
The ratio of their investment ie. A : B : C = 9 : 12 : 8
C's share in profit = (8/29) × 90000 = 720000/29 = Rs. 24827.6