Question

If the incomes of the company A in 2007 and 2008 were equal and the amount invested in 2007 was Rs 12 lakhs, what was the amount invested in 2008?

• A. Rs 1087500
• B. Rs 1085700
• C. Rs 1245000
• D. Rs 1285000
• E. None of the above

Answer 1

The correct option is A Rs 1087500

For the year 2007,
$45=\frac{P}{12}\times 100$
$\Rightarrow P=\frac{45\times 12}{100}=Rs.5.4lakh$
$\therefore$ Total income = 12 +5.4 = Rs. 17.4 Lakh
$\therefore$ If the amount invested in 2008 was Rs 1 lakh, then
$60=\frac{17.4-I}{I}\times 100$
$\Rightarrow 160I=1740$
$\Rightarrow I=\frac{1740}{60}=Rs.10.875lakh$
=Rs. 1087500