Question

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?

• A. 0.075
• B. 0.1
• C. 0.15
• D. 0.2

Answer 1

The Correct Option is B

The correct answer is (B): 0.1