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The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have been
- a)Rs.1875
- b)Rs.2280
- c)Rs.2028
- d)Rs.2820
Correct answer is option 'C'. Can you explain this answer?
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The Partners A & B together lent Rs. 3903 at 4% p.a interest compo...
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The Partners A & B together lent Rs. 3903 at 4% p.a interest compo...
Given data:
- Total amount lent by A and B = Rs. 3903
- Interest rate = 4% p.a compounded annually
- A gets the same amount as B after 9 years
To find: Share of A in the total amount
Solution:
Let's assume that A's share in the total amount is x. Then B's share will be (3903 - x).
After 7 years, the amount that A will get = x + x*(4/100)^7
After 9 years, the amount that B will get = (3903 - x) + (3903 - x)*(4/100)^9
Given that A and B will get the same amount after 9 years:
x + x*(4/100)^7 = (3903 - x) + (3903 - x)*(4/100)^9
Simplifying this equation:
x*(1 + (4/100)^7) = (3903 - x)*(1 + (4/100)^9)
x = (3903*(1 + (4/100)^9))/(1 + (4/100)^7 + 1 + (4/100)^9)
x = Rs. 2028 (approx)
Therefore, A's share in the total amount is Rs. 2028.
Answer: Option (c) Rs. 2028
- Total amount lent by A and B = Rs. 3903
- Interest rate = 4% p.a compounded annually
- A gets the same amount as B after 9 years
To find: Share of A in the total amount
Solution:
Let's assume that A's share in the total amount is x. Then B's share will be (3903 - x).
After 7 years, the amount that A will get = x + x*(4/100)^7
After 9 years, the amount that B will get = (3903 - x) + (3903 - x)*(4/100)^9
Given that A and B will get the same amount after 9 years:
x + x*(4/100)^7 = (3903 - x) + (3903 - x)*(4/100)^9
Simplifying this equation:
x*(1 + (4/100)^7) = (3903 - x)*(1 + (4/100)^9)
x = (3903*(1 + (4/100)^9))/(1 + (4/100)^7 + 1 + (4/100)^9)
x = Rs. 2028 (approx)
Therefore, A's share in the total amount is Rs. 2028.
Answer: Option (c) Rs. 2028
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The Partners A & B together lent Rs. 3903 at 4% p.a interest compo...
The The compound interest on ₹4000 for 6 months at 12% payball quarterly is
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The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer?
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The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer?.
The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer?.
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The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer?, a detailed solution for The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of The Partners A & B together lent Rs. 3903 at 4% p.a interest compounded annually. After a span of 7 years, A gets the same amount as B gets after 9 years. The share of A in the sum of Rs.3903/- would have beena)Rs.1875b)Rs.2280c)Rs.2028d)Rs.2820Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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