Correct Answer - Option 4 : 5 ∶ 6
Given∶
Ratio of simple interest of two companies = 6 ∶ 5
Money deposit in two companies in such a way that he receives equal quarterly interest from both.
Formula Used∶
S.I = PRT/100
Calculation∶
According to question,
Let rate of interest = 6x and 5x
Also, assumed he invest Rs.Y in finance company A and Rs. Z in company B.
Then, (Y × 6x × 1)/100 × 4 = (Z × 5x × 1)/100 × 4
⇒ 6Y = 5Z
⇒ Y ∶ Z = 5 ∶ 6
∴ The required ratio of savings is 5 ∶ 6.