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The table below shows the investments of Indumathi and Chutki in three different insurance policies. | Scheme | Amount invested by Chutki (in ₹) | Amount invested by Indumathi (in ₹) | |--------|----------------------------------|--------------------------------------| | LIC | 29,500 | 19,500 | | NPS | 27,500 | 12,500 | | ELSS | 18,500 | 24,500 | Find the ratio of the total investment of Indumathi in ELSS and LIC together to the total investment of Chutki in NPS and ELSS together.

1. 20:17
2. 22:23
3. 21:23
4. 27:29

Correct answer: 22:23

Solution

Indumathi's total in ELSS and LIC = 24,500 + 19,500 = 44,000. Chutki's total in NPS and ELSS = 27,500 + 18,500 = 46,000. The ratio 44,000:46,000 simplifies to 22:23.

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