Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

Rs. 260200 is divided b/w A and B so that the amount that A receives in 4 years is the same as that B receives in 6 years. If the interest is compounded annually at rate of 4% per annum, then A's share is?

Options:

135300

135200

135600

146700

Correct Answer:

135200

Explanation:

A = P ( 1 + \(\frac{R}{100}\))T                           

A's share amount = x ( 1 + \(\frac{4}{100}\))4    

B's amount = (260200 - x) (1 + \(\frac{4}{100}\))6        

according to question

x ( 1 + \(\frac{4}{100}\))4  = (260200 - x)(1 + \(\frac{4}{100}\))6

x = (260200 - x)(1 + \(\frac{4}{100}\))2

x = (260200 - x) (\(\frac{676}{625}\))

on solving x = 135200