A, B, and C started a business with initial investments of Rs.18,000, Rs.25,000, and Rs.22,000, respectively. After 8 months, A increased his investment by Rs.9,000, B withdrew Rs.12,000, and C added Rs.5,000. At the end of one year, the total profit was Rs.5,713.
Which of the following statements is correct?
I. C reinvested his profit share at a 15% simple interest rate for 4 years. The total interest earned by C is Rs.1,044.4.
II. A purchased a gadget with his profit share and later sold it at a 30% gain. The approximate selling price of the gadget was Rs.2,450.
III. B’s share of profit is Rs. 1859
1
Only I false
2
Only I true
3
Only III true
4
All true
5
All false