Question
A sum of Rs. 14500 is split between 'A' and 'B' in the
ratio 16:13. If 'B' invests the sum with him in a scheme offering compound interest (compounded annually) of 20% p.a., then how much will the sum amounts to in 2 years?Solution
Amount received by 'B' = 14500 x (13/29) = Rs. 6500So, total amount received by 'B' after 2 years = 6500 x {(1 + (20/100)}2 = Rs. 9360
More Arithmetic Problem Questions
What is the total of the monthly amount Mr. Sumit spends on his family and the monthly amount he spends on other households expenses?
Suppose profit at the end of the year is Rs. 537000, then what will be the difference between profit share of Binod and Chintu is?
The monthly amount spent on loan instalments is what percent of his household expenses?
What will be the Profit of Anuj is approximately what percent of total profit?
Relevant for Exams:
