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Q:

A and B enter into partnership. A supplies whole of the capital amounting to Rs. 45000 with the condition that the profits to be equally divided and that B pays A interest on half of the capital at 10% per annum, but receives Rs. 120 per month for carrying on the concern.Find their total yearly profit when B's income is one half of A's income.

Answer

Let the total profit be Rs. x

Amount paid to B as salary = (120 x 12)

= Rs.1440

Share of each = $\inline (\frac{x-1440}{2})$

Interest paid by B = $\inline \frac{22500\times 10}{100}=Rs.2250$

Total money received by A = $\inline \frac{x-1440}{2}+2250$

= Rs. $\inline (\frac{x+3060}{2})$

Total money received by B

$\inline [(\frac{x-1440}{2})+1440-2250]= (\frac{x-3060}{2})$

$\inline \Rightarrow \frac{1}{2}-(\frac{x+3060}{2})-(\frac{x-3060}{2})$

$\inline \Rightarrow x=9180$

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Subject: Partnership

Q:

Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?

A) 2354.17	B) 2354
C) 2376	D) 2389

Answer & Explanation Answer: A) 2354.17

Explanation:

i=j/m

PV= FV(1+ i)^-n

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

A bag contains 50 P, 25 P and 10 P coins in the ratio 5: 9: 4, amounting to Rs. 206. Find the number of coins of each type respectively.

A) 360, 160, 200	B) 160, 360, 200
C) 200, 360,160	D) 200,160,300

Answer & Explanation Answer: C) 200, 360,160

Explanation:

let ratio be x.

Hence no. of coins be 5x ,9x , 4x respectively

Now given total amount = Rs.206

=> (.50)(5x) + (.25)(9x) + (.10)(4x) = 206

we get x = 40

=> No. of 50p coins = 200

=> No. of 25p coins = 360

=> No. of 10p coins = 160

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Filed Under: Ratios and Proportions

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