Question
A sum of ₹33,100 was divided between Timir and Monali
in such a way that if both invested their shares at 10% compound interest per annum, the amount payable on maturity to Monali after 18 years would be the same as the amount payable on maturity to Timir after 20 years. What was the share(Aprox) of Monali in the initial sum?Solution
Let the share of Monali and Timir be x and (33100 - x) respectively. The amount payable in the case of Monali. = x (1 + 10/100)18 The amount payable in the case of Timir. (33100-x) (1 + 10/100)20 According to the question, (33100 - x) (1 +10/100)20= x (1 + 10/100)18 (33100-x) (1 + 10 /100) 20-18 = x (33100-x) (1 + 10/100)2 = x (33100-x) x 1.21 = x 40051-1.21x = x 2.21x=40051 x=40051/2.21 x = 18122.62 The initial share of Monali was Rs. 18122 Rs.
The World Bank has revised India’s economic growth forecast for the fiscal year 2024-25 to:
Kannauj is also known as _____________.
The Union government and the Asian Development Bank (ADB) have signed a loan agreement to enhance fintech education in which city?
Who received the 'Nritya Kalanidhi' award at the 17th Dance Festival of the Music Academy in Chennai?
Union Minister of Road Transport and Highways Nitin Gadkari inaugurated the first phase of the New Zuari Bridge in ?
Kerala’s forest and wildlife department has signed an agreement with which of the following banks for the digital payments at the eco tourism cen...
Haryana Formation Day is observed on which of the days?
Consider the following statement about SEBI's market data advisory committee-:
I. Identification of Segment-wise Data Perimeters, Data Needs ...
Who was the first Chairman of Uttar Pradesh Legislative Council after Indian independence?
Which platform was rebranded as the Unified Lending Interface (ULI) under the Reserve Bank Innovation Hub (RBIH)?
