Start learning 50% faster. Sign in now
Let the farmer give Rs x to the 18 years old son and the remaining Rs (1,22,000 - x) to his 20 years old son. Now, [x(1+(20/100))]4 = (1,22,000 - x) (1+(20/100))2 ⇒ [x(120/100)]2 = (1,22,000 - x) ⇒ [x(6/5)]2 = (1,22,000 - x) ⇒ x(36/25) = (1,22,000 - x) ⇒ ((36/25)+1) x = 1,22,000 ⇒ ((36 + 25)/25) x = 1,22,000 ⇒ x = (1,22,000 × 25)/61 = 50,000 ∴ x = Rs 50,000 For 18 years old son = Rs 50,000 For 20 years old son = Rs 72,000 Alternate shortcut method: They will get the sum in 2nd to 1st child in the ratio of = (1+R/100)(difference between their age) = (1+(20/100))(20-18) = (6/5)2 = 36/25 So for 18 years old(1st child) , sum = [25/(36+25)] × 122000 = (25/61) × 122000 = 50000 & for 20 years old(2nd child) , sum = [36/(36+25)] × 122000 = (36/61) × 122000 = 72000
Under ECLGS Scheme, ________ Cr is earmarked for hospitality sector?
The quorum for the meeting of the monetary policy committee (MPC) is ____ members.
The Government of India has recently sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC B...
Which payments bank has partnered with Mastercard Center and Frontier Markets to launch She Leads Bharat:Udyam, an initiative to elevate 100,000 women...
Which rate is referred to as the 'lender of last resort' for banks?
which of the following was the last country to join the World Bank?
Which of the following is NOT a type of deposit account in banking?
RBI introduced a separate channel, called____________, for non-resident investment in Government of India dated securities with effect from April 1, 2020.
Which act empowered the RBI to issue 'Asset Reconstruction Companies (ARCs)' licenses in India?
Which term best describes the penalty for early withdrawal from a fixed deposit?