A boy aged 12 years is left with Rs. 100000 which is under a trust. The trustees

Sail E0 Webinar

Question

A boy aged 12 years is left with Rs. 100000 which is under a trust. The trustees invest the money at 6% per annum and pay the minor boy a sum of Rs. 2500, for his pocket money at the end of each year. The expenses of trust come out to be Rs. 500 per annum. Find the amount that will be handed over to the minor boy after he attains the age of 18 years ?

Options:

A . Rs. 125000

B . Rs. 118000

C . Rs. 150000

D . Rs. 120000

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Submit Solution

More Questions on This Topic :

Question 1. The simple interest on Rs. 36000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is = ?....

Question 2. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and....amount he would have gained by way of interest is:

Question 3. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per....per annum is Rs. 1. The sum (in Rs.) is:

Question 4. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after....of Rs. 12,000 after 3 years at the same rate?

Question 5. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:....

Question 6. What is the difference between the compound interests on Rs. 5000 for $$1\frac{1}{2}$$ years at 4% per annum compounded ....$$1\frac{1}{2}$$ years at 4% per annum compounded yearly and half-yearly?

Question 7. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?....

Question 8. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?....

Question 9. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is....at 20% compound interest will be more than doubled is:

Question 10. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How muc....amount will Albert get on maturity of the fixed deposit?

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0