Multiple Choice Questions on Rs 5887 is divided between Shyam and Ram such that Shyam 39 s share at the end of 9 years is equal t........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Rs 5887 is divided between Shyam and Ram such that Shyam 39 s share at the end of 9 years is equal t...........

Quantitative Aptitude ( CCS) Compound Interest
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    Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.

    3567

    Incorrect Answer

    3452

    Incorrect Answer

    3087

    Correct Answer

    3544

    Incorrect Answer
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    Explanation:

    Shyam's share * (1+0.05)9 = Ram's share * (1 + 0.05)11

    Shyam's share / Ram's share = (1 + 0.05)11 / (1+ 0.05)9 = (1+ 0.05)2 = 441/400

    Therefore Shyam's share = (441/841) * 5887 = 3087

    Hence, option 3 is the correct answer.

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