Multiple choice

Two companies, Maruti and Hyundai, invested in a project with initial investments in the ratio of 12 : 11, and they shared annual profits in the respective ratio of 3 : 5. If the time period of investment for Maruti was 11 months, then find for how long did Hyundai invest the money?

  1. 24 months

  2. 15 months

  3. 20 months

  4. 10 months

  5. 23 months
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit ratio = (Investment1 * Time1) / (Investment2 * Time2). 3/5 = (12 * 11) / (11 * T2). 3/5 = 12 / T2. 3*T2 = 60, T2 = 20 months.

AI explanation

Using the partnership formula where the ratio of profits equals the ratio of the product of their investments and time periods, we have (12 * 11) / (11 * T) = 3 / 5. This simplifies to 12 / T = 3 / 5. Solving for T gives 3T = 60, so T = 20 months.

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