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A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
- a)Rs.2,04,797
- b)Rs.3,05,890
- c)Rs.1,90,00
- d)Rs.4,00,700
- e)Rs.2,46,870
Correct answer is option 'A'. Can you explain this answer?
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A father left a will of Rs.5 lakhs between his two daughters aged 10 a...
Answer – A.Rs.2,04,797 Explanation : Let Rs.x be the amount that the elder daughter got at the time of the will. Therefore, the younger daughter got (5,00,000 – x).
The elder daughter’s money earns interest for (21 – 15) = 6 years @ 10% p.a simple interest The younger daughter’s money earns interest for (21 – 10) = 11 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same, x + (6*10*x/100)= (5,00,000 – x) +(11*10*[5,00,000-x]/100) 100x+60x = (5,00,000-x)+(55,000,000-110x) 160x =55,500,000-111x 271x = 55,500,000 X = 2,04,797
The elder daughter’s money earns interest for (21 – 15) = 6 years @ 10% p.a simple interest The younger daughter’s money earns interest for (21 – 10) = 11 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same, x + (6*10*x/100)= (5,00,000 – x) +(11*10*[5,00,000-x]/100) 100x+60x = (5,00,000-x)+(55,000,000-110x) 160x =55,500,000-111x 271x = 55,500,000 X = 2,04,797
Most Upvoted Answer
A father left a will of Rs.5 lakhs between his two daughters aged 10 a...
Answer – A.Rs.2,04,797 Explanation : Let Rs.x be the amount that the elder daughter got at the time of the will. Therefore, the younger daughter got (5,00,000 – x).
The elder daughter’s money earns interest for (21 – 15) = 6 years @ 10% p.a simple interest The younger daughter’s money earns interest for (21 – 10) = 11 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same, x + (6*10*x/100)= (5,00,000 – x) +(11*10*[5,00,000-x]/100) 100x+60x = (5,00,000-x)+(55,000,000-110x) 160x =55,500,000-111x 271x = 55,500,000 X = 2,04,797
The elder daughter’s money earns interest for (21 – 15) = 6 years @ 10% p.a simple interest The younger daughter’s money earns interest for (21 – 10) = 11 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same, x + (6*10*x/100)= (5,00,000 – x) +(11*10*[5,00,000-x]/100) 100x+60x = (5,00,000-x)+(55,000,000-110x) 160x =55,500,000-111x 271x = 55,500,000 X = 2,04,797
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A father left a will of Rs.5 lakhs between his two daughters aged 10 a...
Answer – A.Rs.2,04,797 Explanation : Let Rs.x be the amount that the elder daughter got at the time of the will. Therefore, the younger daughter got (5,00,000 – x).
The elder daughter’s money earns interest for (21 – 15) = 6 years @ 10% p.a simple interest The younger daughter’s money earns interest for (21 – 10) = 11 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same, x + (6*10*x/100)= (5,00,000 – x) +(11*10*[5,00,000-x]/100) 100x+60x = (5,00,000-x)+(55,000,000-110x) 160x =55,500,000-111x 271x = 55,500,000 X = 2,04,797
The elder daughter’s money earns interest for (21 – 15) = 6 years @ 10% p.a simple interest The younger daughter’s money earns interest for (21 – 10) = 11 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same, x + (6*10*x/100)= (5,00,000 – x) +(11*10*[5,00,000-x]/100) 100x+60x = (5,00,000-x)+(55,000,000-110x) 160x =55,500,000-111x 271x = 55,500,000 X = 2,04,797
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A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer?
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A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer?.
A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer?.
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A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A father left a will of Rs.5 lakhs between his two daughters aged 10 and 15 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.5 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?a)Rs.2,04,797b)Rs.3,05,890c)Rs.1,90,00d)Rs.4,00,700e)Rs.2,46,870Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Quant tests.
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