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Question

A sum of rupees 3903 is divided between P and Q such that the share of P at the end of 8 years is equal to the share of Q after 10 years. Find the share of P if the rate of interest is 4% compounded annually.



Your Answer
A

2012

Your Answer
B

2029

Correct Answer
C

2028

Your Answer
D

2081

Your Answer
E

None of these


Solution

The correct option is D

2028


According to Question
P×(1+4100)8
=(3903-P) ×(1+4100)10
After solving we get P=2028

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