GATE PI · 2024 · GA
Question 8: Quantitative Aptitude
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Question 8
GAMCQ2 marksNeeds review
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?
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2024GA
GATE PI 2024 · Paper 1
Production and Industrial Engineering · Original paper archive
- Section
- General Aptitude
- Question type
- Multiple choice (MCQ)
- Marks
- 2 marks
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