Question
Divide Rs. 3903 between A and B, so that A's Share at the end of 7 years may equal to B's share at the end of 9 years, compound interest being at 4 percent.
Answer: Option B
- We have (A's present share) ( 1+ 4 ) 7 = (B's present share) ( 1+ 4 ) 9 100 100 A's present share = ( 1+ 4 ) 2 B's present share 100 = ( 26 ) 2 = 676 25 625 Dividing Rs. 3903 in the ratio of 676:625 A's present share = 676 of Rs. 3903
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- We have (A's present share) ( 1+ 4 ) 7 = (B's present share) ( 1+ 4 ) 9 100 100 A's present share = ( 1+ 4 ) 2 B's present share 100 = ( 26 ) 2 = 676 25 625 Dividing Rs. 3903 in the ratio of 676:625 A's present share = 676 of Rs. 3903
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