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DIRECTIONS: Choose the most appropriate answer:
Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?
- a)Rs 48200/-
- b)Rs 48400
- c)Rs 42600/-
- d)Rs 44200
Correct answer is option 'B'. Can you explain this answer?
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DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a to...
Let son aged 19 years getting Rs x and son aged 17 years getting (88400 – x).
At the age of 21, both will get equal amount
At the age of 21, both will get equal amount
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DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a to...
Given:
Total sum deposited = Rs. 88400/-
Rate of interest = 10%
Age of elder son = 19 years
Age of younger son = 17 years
To find: Shares of both sons after 2 years (at the age of 21 years)
Solution:
Let the share of elder son be x
Then, the share of younger son will be (88400 - x)
Using the compound interest formula, we can find the amount each son will receive after 2 years:
Amount = P(1 + R/100)^t
Where,
P = Principal amount
R = Rate of interest
t = Time
Amount received by elder son after 2 years:
x(1 + 10/100)^2 = x(11/10)^2 = x * 1.21
Amount received by younger son after 2 years:
(88400 - x)(1 + 10/100)^2 = (88400 - x)(11/10)^2 = (88400 - x) * 1.21
Given that both sons will receive equal amounts after 2 years:
x * 1.21 = (88400 - x) * 1.21
=> x = 44200
Therefore, the share of elder son = Rs. 44200/-
And the share of younger son = Rs. 44200/-
Hence, the correct answer is option 'B' - Rs. 48400.
Total sum deposited = Rs. 88400/-
Rate of interest = 10%
Age of elder son = 19 years
Age of younger son = 17 years
To find: Shares of both sons after 2 years (at the age of 21 years)
Solution:
Let the share of elder son be x
Then, the share of younger son will be (88400 - x)
Using the compound interest formula, we can find the amount each son will receive after 2 years:
Amount = P(1 + R/100)^t
Where,
P = Principal amount
R = Rate of interest
t = Time
Amount received by elder son after 2 years:
x(1 + 10/100)^2 = x(11/10)^2 = x * 1.21
Amount received by younger son after 2 years:
(88400 - x)(1 + 10/100)^2 = (88400 - x)(11/10)^2 = (88400 - x) * 1.21
Given that both sons will receive equal amounts after 2 years:
x * 1.21 = (88400 - x) * 1.21
=> x = 44200
Therefore, the share of elder son = Rs. 44200/-
And the share of younger son = Rs. 44200/-
Hence, the correct answer is option 'B' - Rs. 48400.
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DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer?
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DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer?.
DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer?.
Solutions for DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
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DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer?, a detailed solution for DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice DIRECTIONS: Choose the most appropriate answer:Q. A man deposited a total sum of Rs 88400/- in the name of his two sons aged 19 and 17 years so that at the age of 21, both will get equal amounts. If the money is invested at the rate of 10% compound interest per annum what are the shares of his two sons ?a)Rs 48200/-b)Rs 48400c)Rs 42600/-d)Rs 44200Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Defence tests.
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