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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • Divide ? 2602 between M and N, so that the amount of M after 7 yr is equal to the amount of N after 9 yr, the interest being compounded at 4% pa.


  • Options
  • A. ? 1352, ? 1250
  • B. ? 1400, ? 1350
  • C. ?1415, ?1300
  • D. ?1500, ?1450

  • Correct Answer
  • ? 1352, ? 1250 

    Explanation

    Let the first part be ? M .
    Then , second part = (2602 - M)
    According to the question,
    M(1 + 4/100)4 = (2602 - M) (1+4/100)9
    ? M/(2602 - M) = [(1 + 4/100)9]/[(1 + 4/100)7]
    ? M/(2602 - M) = (1 + 4/100)2 = (26/25) x (26/25) = 676/625
    ? 625M = 676 x 2602 - 676M
    ? 1301M = 676 x 2602
    ? M = (676 x 2602)/1301 = 676 x 2 = 1352
    ? The two parts are ? 1352 and ? (2602 - 1352) = ? 1250


  • More questions

    • 1. 
      0.0169 / 0.013=?

    • Options
    • A. .13
    • B. .013
    • C. 1.3
    • D. 13
    • Discuss
    • 2. 
      Two posts are x meter apart and the height of one is double that of the other. If from the midpoint of the line joining their feet, an observer finds the angular elevations of their tops to be complementary, then the height (in meter) of the shorter post is :

    • Options
    • A. x 2 ?2
    • B. x 4
    • C. x ?2
    • D. x ?2
    • Discuss
    • 3. 
      If p/q =4/5, then the value of 4/7 + {(2q - p) / (2q + p)} is?

    • Options
    • A. 3 / 7
    • B. 34
    • C. 1
    • D. 2
    • Discuss
    • 4. 
      What is 25% of 25% is equal to?

    • Options
    • A. 6.25
    • B. .625
    • C. .0625
    • D. .000625
    • Discuss
    • 5. 
      The number .05 is hoe many percent of 20?

    • Options
    • A. 25
    • B. .025
    • C. .25
    • D. 2.5
    • Discuss
    • 6. Find the lowest common multiple of 24, 36 and 40.

    • Options
    • A. 120
    • B. 240
    • C. 360
    • D. 480
    • Discuss
    • 7. 
      8 1/ 3% expressed as a fraction is?

    • Options
    • A. 25/3
    • B. 3/25
    • C. 1/12
    • D. 1/4
    • Discuss
    • 8. 
      .025 in terms of term of rate per cent is?

    • Options
    • A. .25%
    • B. 2.5%
    • C. 0.25%
    • D. 371/2%
    • Discuss
    • 9. 
      What percentage of 2/7 is 1/35?

    • Options
    • A. 2.5%
    • B. 10%
    • C. 25%
    • D. 20%
    • Discuss
    • 10. 
      A sum of ? 4000 is lent out in two parts, one at 8% simple interest and other at 10% simple interest. If the annual interest is ? 352, the sum lent at 8% is

    • Options
    • A. ? 1600
    • B. ? 2400
    • C. ? 1800
    • D. ? 2800
    • Discuss


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