Question

A farmer wants to divide Rs 1,22,000 between his sons , who are 18 and 20 years old respectively, in such a way that the sum divided at the rate of 20% per annum, compounded annually, will give the same amount to each of them when they attain the age of 22 years. How should he divide the sum?

A Rs 57,000, Rs 65,000
B Rs 66,000, Rs 56,000
C Rs 50,000, Rs 72,000
D Rs 45,000, Rs 77,000
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)