Raj has Rs. 1301 with him. He divided it

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Raj has Rs. 1301 with him. He divided it amongst his sons Prakash and Prashant and asked them to invest it at 4% rate of interest compounded annually. It was seen that Prakash and Prashant got same amount after 17 and 19 years respectively. How much did Raj give to Prashant?

Options:

Rs. 705

Rs. 615

Rs. 676

Rs. 625

Correct Answer:

Rs. 625