Multiple Choice Questions on A man with a sum of Rs 3903 wants to deposit in the bank account of his two sons so that both will g........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A man with a sum of Rs 3903 wants to deposit in the bank account of his two sons so that both will g...........

Quantitative Aptitude ( CCS) Compound Interest
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    A man with a sum of Rs 3903 wants to deposit in the bank account of his two sons so that both will get equal money after 5yrs and 7yrs respectively at the rate of 4% compounded annually. Find the part of amount deposited into the account of first son?

    2028

    Correct Answer

    2400

    Incorrect Answer

    3000

    Incorrect Answer

    1250

    Incorrect Answer
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    Explanation:

    Some Extra: 
    A( 1+4/100)5 = B(1+4/100)7
    A/B = (1+4/100)2 = 676/625
    676+625 = 3903
    1= 3
    676 = 2028

    By: Pranav Gupta
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