David started a business establishment by investing Rs.15000. After 4 months William entered into a partnership by investing a certain amount. At the end of the year, the profit was shared in the ratio 9 : 8. Find how much money was invested by William.
Let William invested Rs.x Profit sharing ratio =15000×12:8x=1;80,000=8xAlso profit ratio =9:8∴ ATP 180000:8x=9:8
⇒180000×89×8=x
⇒x=Rs.20,000