New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A girl aged 12 years is left with Rs. 10000 which is

    under a trust. The trustees invest the money at 6% per annum and spends Rs. 250 per year on the girl. Also the trust gives Rs. 50 per year to the girl as her pocket money. The expenses of trust come out to be Rs. 50 per annum. Find the amount that will be handed over to the girl after she attains the age of 18 years after deduction the expenses on her during the period?
    A 10500 Correct Answer Incorrect Answer
    B 13600 Correct Answer Incorrect Answer
    C 11800 Correct Answer Incorrect Answer
    D 12200 Correct Answer Incorrect Answer

    Solution

    Sum of the 12 years age of a girl = 10000 Sum of the 18 years age = P + (P ×R ×T)/100 = 10000 + (10000 ×6 ×6 )/100 = 10000 + 3600 = 13600 Total expenses of the trust = 250 + 50 = 300 per year Total Expenses for 6 years = 300 × 6 = 1800 Amount attained = 13600 – 1800 = 11800

    Practice Next

    Relevant for Exams: