Multiple choice

Directions: Study the following information carefully and answer the question. Amit and Rajat started an IT company in a partnership by investing Rs. 500000 and Rs. 200000, respectively. Rajat, who did all the financial work of the company, was supposed to get Rs. 5000 per month as his monthly wage. After receiving of 5% annual interest on the total capital, net profit was distributed between them according to their investment ratio. Total income earned in the first year of business was Rs. 200000. Later, Amit reinvested 60% his total amount received in the company for a period of 6 months and withdrew it afterwards. What will be the total amount received by Rajat for the second year, if it gave 30% annual return at the end of the second year?

  1. Rs. 33652

  2. Rs. 93652

  3. Rs. 103562

  4. Rs. 122500

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer