SSC CGL Exam > SSC CGL Questions > A person has left an amount of Rs. 1,20,000 ...
Start Learning for Free
A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present is
- a)Rs. 48,800
- b)Rs. 57,600
- c)Rs. 62,400
- d)Rs. 84,400
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
A person has left an amount of Rs. 1,20,000 to be divided between his...
Let the share that the elder son gets be Rs. x.
Share that younger son gets = Rs. (1,20,000 - x)
According to the question,
On solving, we get
x = Rs. 62,400
Share that younger son gets = Rs. (1,20,000 - 62,400) = Rs. 57,600
Free Test
FREE
| Start Free Test |
Community Answer
A person has left an amount of Rs. 1,20,000 to be divided between his...
Given:
- Amount left by the person = Rs. 1,20,000
- Two sons' ages = 14 years and 12 years
- The amount needs to be divided equally when each son attains 18 years of age
- Simple interest rate = 5% per annum
To find:
The younger son's share at present
Solution:
Step 1: Find the total interest earned by the amount over the period from the present to when the younger son turns 18 years old.
Step 2: Divide the total interest equally between the two sons.
Step 3: Subtract the younger son's share of interest from the total amount left by the person to find his share at present.
Step 1: Calculating the Total Interest:
Principle amount (P) = Rs. 1,20,000
Rate of interest (R) = 5% per annum
Time period (T) = (18 - 12) years = 6 years
Using the formula for simple interest:
Simple Interest (SI) = (P * R * T) / 100
SI = (1,20,000 * 5 * 6) / 100
SI = 36,000
Step 2: Dividing the Interest:
Since the amount needs to be divided equally when each son turns 18, the total interest of Rs. 36,000 will also be divided equally.
Therefore, each son will receive Rs. 36,000 / 2 = Rs. 18,000 as interest.
Step 3: Calculating the Younger Son's Share at Present:
The younger son's share at present will be the total amount left by the person minus his share of interest.
Younger son's share = Rs. 1,20,000 - Rs. 18,000 = Rs. 1,02,000
Conclusion:
The younger son's share at present is Rs. 1,02,000, which is not listed in the given options. Hence, there may be an error in the options provided for this question.
- Amount left by the person = Rs. 1,20,000
- Two sons' ages = 14 years and 12 years
- The amount needs to be divided equally when each son attains 18 years of age
- Simple interest rate = 5% per annum
To find:
The younger son's share at present
Solution:
Step 1: Find the total interest earned by the amount over the period from the present to when the younger son turns 18 years old.
Step 2: Divide the total interest equally between the two sons.
Step 3: Subtract the younger son's share of interest from the total amount left by the person to find his share at present.
Step 1: Calculating the Total Interest:
Principle amount (P) = Rs. 1,20,000
Rate of interest (R) = 5% per annum
Time period (T) = (18 - 12) years = 6 years
Using the formula for simple interest:
Simple Interest (SI) = (P * R * T) / 100
SI = (1,20,000 * 5 * 6) / 100
SI = 36,000
Step 2: Dividing the Interest:
Since the amount needs to be divided equally when each son turns 18, the total interest of Rs. 36,000 will also be divided equally.
Therefore, each son will receive Rs. 36,000 / 2 = Rs. 18,000 as interest.
Step 3: Calculating the Younger Son's Share at Present:
The younger son's share at present will be the total amount left by the person minus his share of interest.
Younger son's share = Rs. 1,20,000 - Rs. 18,000 = Rs. 1,02,000
Conclusion:
The younger son's share at present is Rs. 1,02,000, which is not listed in the given options. Hence, there may be an error in the options provided for this question.
Attention SSC CGL Students!
To make sure you are not studying endlessly, EduRev has designed SSC CGL study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in SSC CGL.
|
Explore Courses for SSC CGL exam
|
|
Similar SSC CGL Doubts
Top Courses for SSC CGLView all
A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer?
Question Description
A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer?.
A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer?.
Solutions for A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC CGL.
Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free.
Here you can find the meaning of A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A person has left an amount of Rs. 1,20,000 to be divided between his two sons, aged 14 years and 12 years such that they get equal amounts when each attains 18 years of age. If the amount gets a simple interest of 5% per annum, the younger son's share at present isa)Rs. 48,800b)Rs. 57,600c)Rs. 62,400d)Rs. 84,400Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice SSC CGL tests.
|
|
Explore Courses for SSC CGL exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup