Aakash invested some part of Rs 5,00,000/- in stock X and the remaining part in stock Y. At the end of the year, Stock X gave a return of 42% and Stock Y gave a return of 37%. Aakash’s total interest earnings from his investment in both the stocks was Rs 2,00,000/-. How much did he invest in stock Y?
Explanation:
Total earnings of Rs 2,00,000/- is 40% of 5,00,000.
So, ratio of investments in X to that of Y is 3 : 2.
Hence investment in Y is 2/5th of Rs. 5,00,000 = Rs 2,00,000.
Hence, 200000.
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.