Multiple Choice Questions on A sum of rupees 4420 is to be divided between rakesh and prakash in such a way that after 5 years an........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of rupees 4420 is to be divided between rakesh and prakash in such a way that after 5 years an...........

Quant (SSC) Compound Interest
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    A sum of rupees 4420 is to be divided between rakesh and prakash in such a way that after 5 years and 7 years respectively the amount they get is equal. The rate of interest is 10 percent. Find the share of rakesh and prakash

    2000, 2420

    Incorrect Answer

    2420, 2000

    Correct Answer

    2480, 2420

    Incorrect Answer

    2210, 2210

    Incorrect Answer
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    Explanation:

    Let the share of rakesh and prakash be R and P
    R*(1+10/100)^ 5 = (4420 – R)*(1+10/100)^ 7
    We get R = 2420, so P = 2000

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