wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A man invests Rs 3965 in the names of his three daughters, Neeta, Sita and Gita in such a way that they would receive the same amount after 2, 3 and 4 years. If the rate of interest is 5% p.a., then the amount invested for Neeta, Sita and Gita is

A
Rs 1380, Rs 1320, Rs 1265
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Rs 1330, Rs 1360, Rs 1380
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Rs 1265,Rs 1320, Rs 1340
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Either of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Rs 1380, Rs 1320, Rs 1265

We have, T1=2 years, T2=3 years, T3=4 years.
R1=R2=R3=5%p.a.
The ratio in which the amount is invested
=1100+R1T1:1100+R2T2:2100+t3T3
i.e., 1100+2×5:1100+3×5:110+4×5
i.e., 1110:1115:1120or,276:264:253.
Their sum =276+264+253=793
The amount invested for
Neeta =3965793×276=Rs1380
Sita =3965793×264=Rs1320.
Gita =3965793×253=Rs1265.

flag
Suggest Corrections
thumbs-up
10
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Averages and Alligations Concepts
QUANTITATIVE APTITUDE
Watch in App
Join BYJU'S Learning Program
CrossIcon