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List of top Mathematics Questions on Ratio and Proportion asked in GATE AR

Person 1 and Person 2 invest in three mutual funds A, B, and C. The amounts they invest in each of these mutual funds are given in the table.
Mutual fund A Mutual fund BMutual fund C
Person 1 ₹10,000₹20,000 ₹20,000 
Person 2₹20,000 ₹15,000 ₹15,000 

At the end of one year, the total amount that Person 1 gets is ₹500 more than Person 2. The annual rate of return for the mutual funds B and C is 15% each. What is the annual rate of return for the mutual fund A?
  • GATE AR - 2024
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