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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • Divide Rs. 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annum.


  • Options
  • A. Rs.625
  • B. Rs.626
  • C. Rs.286
  • D. Rs.627

  • Correct Answer
  • Rs.625 

    Explanation

    Let the two parts be Rs. x and Rs. (1301 - x).

      x 1 + 4 100 7 = 1301 - x 1 + 4 100 9

      x 1301 - x = 1 + 4 100 2 = 26 25 * 25 26

     

    => 625x=676(1301-x) 

    1301x=676 x 1301x=676.
    So,the parts are rs.676 and rs.(1301-676)i.e rs.676 and rs.625

  • Tags: Bank Exams, Bank PO

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