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Mr. X invested a certain amount in Debt ...

Mr. X invested a certain amount in Debt and Equity Funds in the ratio of 4:5. At the end of one year. he earned a total dividend of 30% on his investment. After one year. he reinvested the amount including the dividend in the ratio of 6:7 in Debt and Equit Fund. If the amount reinvested in Equity Funds was ₹94.500. what was the original amount invested in Equity Funds?

A

₹75000

B

₹81000

C

₹60000

D

₹ 65000

Text Solution

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The correct Answer is:
To solve the problem step by step, we will follow the given information and perform calculations accordingly. ### Step 1: Understand the Investment Ratio Mr. X invested in Debt and Equity Funds in the ratio of 4:5. Let's denote the amounts invested in Debt and Equity Funds as: - Debt Fund = 4X - Equity Fund = 5X ### Step 2: Calculate Total Investment The total investment can be calculated as: \[ \text{Total Investment} = 4X + 5X = 9X \] ### Step 3: Calculate the Dividend Earned At the end of one year, Mr. X earned a total dividend of 30% on his investment. Therefore, the total amount after earning the dividend is: \[ \text{Total Amount after Dividend} = \text{Total Investment} + \text{Dividend} \] The dividend can be calculated as: \[ \text{Dividend} = 30\% \text{ of Total Investment} = 0.30 \times 9X = 2.7X \] Thus, the total amount after one year becomes: \[ \text{Total Amount after Dividend} = 9X + 2.7X = 11.7X \] ### Step 4: Reinvesting the Amount After one year, Mr. X reinvested the total amount including the dividend in the ratio of 6:7 (Debt Fund: Equity Fund). ### Step 5: Determine the Amount Reinvested in Equity Funds The amount reinvested in Equity Funds is given as ₹94,500. Since the total amount is divided in the ratio of 6:7, the part of the total amount that goes into Equity Funds can be expressed as: \[ \text{Equity Fund} = \frac{7}{6+7} \times \text{Total Amount} = \frac{7}{13} \times 11.7X \] Setting this equal to ₹94,500 gives us: \[ \frac{7}{13} \times 11.7X = 94,500 \] ### Step 6: Solve for X To find X, we rearrange the equation: \[ 11.7X = 94,500 \times \frac{13}{7} \] Calculating the right side: \[ 11.7X = 94,500 \times 1.8571 \] \[ 11.7X = 175,500 \] Now, divide both sides by 11.7: \[ X = \frac{175,500}{11.7} \] \[ X = 15,000 \] ### Step 7: Calculate the Original Amount Invested in Equity Funds Now that we have the value of X, we can find the original amount invested in Equity Funds: \[ \text{Equity Fund} = 5X = 5 \times 15,000 = 75,000 \] ### Final Answer The original amount invested in Equity Funds was **₹75,000**. ---

To solve the problem step by step, we will follow the given information and perform calculations accordingly. ### Step 1: Understand the Investment Ratio Mr. X invested in Debt and Equity Funds in the ratio of 4:5. Let's denote the amounts invested in Debt and Equity Funds as: - Debt Fund = 4X - Equity Fund = 5X ### Step 2: Calculate Total Investment ...
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