Iift 2011 Question 44
This is a detailed step-by-step solution for Iift 2011 Question 44. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2011
Explanation:
Let 'x' be the amount invested by Aniket in share market. Therefore, amount invested by him in NSC and PPF will be 'x-20000' and 'x-
40000' respectively.
It is given that, x + x-20000 + x-40000 = 150000
x = 70000.
Hence, the amount invested by Aniket in NSC = x - 20000 = 50000.
It is given that one-third of the savings made by Animesh in PPF is equal to one-half of his savings in NSC.
Let 'y' be the amount invested by Animesh in NSC. Then we can say that he invested '150000-y' in PPF.
⇒ y = 60000
Therefore, the difference between the amount invested in NSC by Animesh and Aniket = 60000 - 50000 = Rs. 10000. Hence, option D is
the correct answer.