Divide Rs 3364 between A and B so that A rsquo s Share at the end of 5 years may equal to B rsquo s ...........

Quantitative Aptitude ( CCS) Compound Interest

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Divide Rs. 3364 between A and B, so that A’s Share at the end of 5 years may equal to B’s share at the end of 7 years, compound interest being at 5 percent.

Rs.18000

Rs.12000

Rs.10000

Rs.16000

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Explanation:

(A’s present share)(1+5/100)^5 = (B’s present share)(1+5/100)^7
=>(A’s present share)/( B’s present share) = 441/400
A’s present share = 441/(441+400)*3364 = Rs.1764
B’s present share = 3364 – 1764 = Rs.16000

Hence, option 4 is the correct answer.

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