Multiple Choice QuestionFinance is defined as ______.Multiple choice question.money stored in an account at a bank or other financial institution that can be withdrawn without advance noticeaccounts with funds that usually cannot be withdrawn without advanced noticethe study of how money is managed by individuals, companies, and governmentsanything generally accepted in exchange for goods and services
Question
Multiple Choice QuestionFinance is defined as ______.Multiple choice question.money stored in an account at a bank or other financial institution that can be withdrawn without advance noticeaccounts with funds that usually cannot be withdrawn without advanced noticethe study of how money is managed by individuals, companies, and governmentsanything generally accepted in exchange for goods and services
Solution 1
The correct answer is: "the study of how money is managed by individuals, companies, and governments".
Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments. It essentially encompasses the science of planning and distributing the assets of a business, individual, or other entity.
Solution 2
To solve this problem, we first need to calculate the ratio of their investments, which is done by multiplying the amount of money each person invested by the number of months they invested it for.
For A, this is 16000 * 9 = 144000 For B, this is 12000 * 6 = 72000 For C, this is 8000 * 12 = 96000
The total investment is 144000 + 72000 + 96000 = 312000
The ratio of A:B:C is 144000:72000:96000, which simplifies to 3:1.5:2
The total profit is 26000, so to find B's share we multiply the total profit by the fraction that represents B's share of the total investment.
B's share is 1.5 / (3 + 1.5 + 2) = 1.5 / 6.5 = 0.23076923076923078
So, B's share of the profit is 26000 * 0.23076923076923078 = RS. 6000
So, the correct answer is RS. 6000.
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