Correct option is A
Given:
Total = 1612, rate = 8% p.a., amounts after 11 and 12 years are equal.
Formula Used:
For compound interest maturity: Amount =
Solution:
Let Anil = P1, Ashok = P2
So Anil got Rs. 837.
Anand has Rs. 1612 with him. He divided it amongst his sons Anil and Ashok and asked them to invest it at 8% rate of interest compounded annually. It was seen that Anil and Ashok got same amount after 11 and 12 years respectively. How much (in Rs.) did Anand give to Anil?
Given:
Total = 1612, rate = 8% p.a., amounts after 11 and 12 years are equal.
Formula Used:
For compound interest maturity: Amount =
Solution:
Let Anil = P1, Ashok = P2
So Anil got Rs. 837.
Mukund has two grandsons Sachin and Chetan. 13 year old Sachin gets some money from Mukund’s wealth and 14 year old Chetan gets rest of the money. But Sachin and Chetan will get money only when they turn 23 years old. Till then the money is in a bank getting interest at rate 10% compounded annually. When both turn 23, they receive the same amount. How much had Mukund given Chetan (in Rs. ) initially, if total money with Mukund was Rs. 25200?
Anand has Rs. 1612 with him. He divided it amongst his sons Anil and Ashok and asked them to invest it at 8% rate of interest compounded annually. It was seen that Anil and Ashok got same amount after 11 and 12 years respectively. How much (in Rs.) did Anand give to Anil?
Rupesh has two grandsons Mandar and Ketan. 13 year old Mandar gets some money from Rupesh’s wealth and 14 year old Ketan gets rest of the money. But Mandar and Ketan will get money only when they turn 23 years old. Till then the money is in a bank getting interest at rate 5% compounded annually. When both turn 23, they receive the same amount. How much had Rupesh given Ketan (in Rs. ) initially, if total money with Rupesh was Rs. 24600?
Raj has Rs. 1218 with him. He divided it amongst his sons Varun and Ashish and asked them to invest it at 10% rate of interest compounded annually. It was seen that Varun and Ashish got same amount after 13 and 14 years respectively. How much (in Rs. ) did Raj give to Ashish?
Rishi has Rs. 1612 with him. He divided it amongst his sons Shan and Piyush and asked them to invest it at 8% rate of interest compounded annually. It was seen that Shan and Piyush got same amount after 19 and 20 years respectively. How much (in Rs. ) did Rishi give to Shan?
Anand has ₹1,617 with him. He divided it amongst his sons Anil and Ashok and asked them to invest it at 10% rate of interest per annum, compounded annually. It was seen that Anil and Ashok got same amount after 12 and 13 years, respectively. How much (in ₹) did Anand give to Anil?
Raj has ₹1,218 with him. He divided it amongst his sons Varun and Ashish and asked them to invest it at 10% rate of interest per annum, compounded annually. It was seen that Varun and Ashish got the same amount after 13 and 14 years, respectively. How much (in ₹) did Raj give to Ashish?
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