Multiple Choice Questions on Rs 3903 is to be divided in a way that A rsquo s share at the end of 7 years is equal to the B rsquo........... for IBPS RRB - Officers Exam Preparation

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Multiple Choice Questions

Rs 3903 is to be divided in a way that A rsquo s share at the end of 7 years is equal to the B rsquo...........

Quantitative Aptitude(IBPS RRB PO) Compound Interest
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    Rs 3903 is to be divided in a way that A’s share at the end of 7 years is equal to the B’s share at the end of 9 years. If the rate of interest is 4% compounded annually, find A’s share. 

    Rs 2475

    Incorrect Answer

    Rs 1875

    Correct Answer

    Rs 2175

    Incorrect Answer

    Rs 1935

    Incorrect Answer
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    Explanation:

    A’s share = (1 + 4/100)7
    B’s share = (1 + 4/100)9
    Divide both, B/A = (1 + 4/100)2 = 676/625
    So A’s share = 625/(676+625) * 3903 =1875

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