Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of ₹24000 is left by will by a father to be divided between two sons of 13 and 15 years of age, so that when they attain maturity at 18, the amount received by each at 5% simple interest will be the same. Find the sum allotted at present to each son.

Options:

8700 , 15300

10500 , 13500

11000 , 13000

12500 , 11500

Correct Answer:

12500 , 11500

Explanation:

Let the sum alloted to son1 be P₁ and son2 be P₂ = 24000 - P₁

\(\frac{P₁ x 125 }{100}\) =   \(\frac{P₂ x 115}{100}\)

P₁ x  25         =   (24000 - P₁)  x 23

 P₁ =   11,500

⇒ P₂ = 24000 - 11500 = 12,500