Person 1 and Person 2 invest in two funds, A and B. Person 1 invests ₹ in A and ₹ in B. Person 2 invests ₹ in A and ₹ in B. If Person 1 gets ₹ more than Person 2, and the rate of B is , which of the following statements must be true?
A
Step-by-Step Solution
Key idea: Use the difference in returns to find the unknown rate.
Step 1: Person 1's return = .
Step 2: Person 2's return = .
Step 3: Difference = .
Step 4: We are given this difference is ₹.
Step 5: .
Answer: The rate of A is .