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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 B Mutual 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?
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.
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?
| Mutual fund A | Mutual fund B | Mutual 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?
Updated On: Jul 9, 2024
- 0.075
- 0.1
- 0.15
- 0.2
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The Correct Option is B
Solution and Explanation
The correct answer is (B): 0.1
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