A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at an age of 120 years @ per annum compounded annually. Find the share of elder son?
A = {P(1+ r/100)}n , 33(1/3)% = 1/3 Let the Principal for younger son be x And the Principal for elder son be y Now, Interest to be calculated for Younger son = (120-12) = 108 years Elder son = (120-16) = 104 years Since Amount will be equally distributed then, {x(1+ 1/3)}108= {y(1+1/3)}104 x {(4/3)}(108 ) = y{(4/3)}104 y/x = {(4/3)}(108-104 ) y/x = 256/81 Elder son’s share = 256/337 × 60660 = 46080
Who wrote the book "Eighteen Fifty Seven," published on May 1957 by the publication division, Ministry of Information and broadcasting?
Uttarakhand Decentralized Watershed Development Project Phase II is funded by which of the following banks?
Which article deals with the grants in aid by the Union government to the states?
What is the interest rate on deposits made under Mahila Samman Savings Certificate (MSSC), a new small-savings scheme for women that was launched for in...
Who was the British Commissioner of Kumaon for whom the phrase "No lawyer, no appeal, no argument" is attributed?
In Which state” Suhelwa sanctuary “recorded 1st photographic proof of tigres
What was the primary aim of the significant meeting between India and the UAE about the India-Middle East-Europe Economic Corridor (IMEEC)?
Which of the following acts is also known as the “Saint Helena Act”?
The establishment of the Reserve Bank of India was influenced by the suggestions of which commission?
Which state has declared to achieved 100% Open Defecation Free (ODF) plus status in September 2023?