1. 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 Equity Funds.If the amount reinvested in Equity Funds was rs 94,500,what was the original amount invested in Equity Funds ?
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By: anil on 05 May 2019 01.30 am
Let the original amount invested be x. Hence, the amount with him after recieving the dividend is 1.3x. Now, this amount was reinvested in ratio 6:7 in debt and equity funds. Amount invested in equity fund was 94,500 Hence, (0.7x/1.3)=94,500, x=175500 now, the original amount invested in equity was (5/9)*175500=97,500
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