Difficulty: Medium
Correct Answer: Rs. 2028, Rs. 1875
Explanation:
Introduction / Context:
When two parts of a sum will be left to grow for different durations at the same compound rate, equalizing their future amounts defines a proportional split today. This is a typical present-value balancing problem under compound interest.
Given Data / Assumptions:
Concept / Approach:
Let A's share be x; B's share is 3903 − x. Equality at maturity: x*(1.04)^7 = (3903 − x)*(1.04)^9. Divide both sides by (1.04)^7 to solve for x.
Step-by-Step Solution:
Verification / Alternative check:
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
Rs. 2028 for A and Rs. 1875 for B.
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