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One-third of Ravi's savings in National Savings Certificate is equal to one-half of his savings in Public Provident Fund. If he has Rs. 1,00,000 as total savings, how much has he saved in Public Provident Fund ?Question 15Answera.40000b.65000c.60000d.150000

Question

One-third of Ravi's savings in National Savings Certificate is equal to one-half of his savings in Public Provident Fund. If he has Rs. 1,00,000 as total savings, how much has he saved in Public Provident Fund ?Question 15Answera.40000b.65000c.60000d.150000

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Solution

Let's denote Ravi's savings in National Savings Certificate as N and his savings in Public Provident Fund as P.

From the problem, we know that:

1/3 * N = 1/2 * P ---- (equation 1)

We also know that his total savings is Rs. 1,00,000. So:

N + P = 1,00,000 ---- (equation 2)

We can solve these two equations simultaneously to find the values of N and P.

First, let's express P from equation 1:

P = 2/3 * N

Now, let's substitute P in equation 2:

N + 2/3 * N = 1,00,000

This simplifies to:

5/3 * N = 1,00,000

Solving for N gives:

N = 60,000

Substituting N = 60,000 in equation 2 gives:

60,000 + P = 1,00,000

Solving for P gives:

P = 40,000

So, Ravi has saved Rs. 40,000 in Public Provident Fund. The answer is (a) 40000.

This problem has been solved

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