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Quantitative Aptitude

Simple Interest & Compound Interest

Akram Ali lef...

Question

Akram Ali left an amount of Rs. 340000 to be divided between his two sons aged 10 years and 12 years such that both of them would get an equal amount when each attains 18 years of age. What is the share of elder brother if the whole amount was invested at 10% simple interest :

12000

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16000

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160000

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180000

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Solution

The correct option is D 180000
$P_{1} + \frac{P_{1} \times 6 \times 10}{100} = P_{2} + \frac{P_{2} \times 8 \times 10}{100} \Rightarrow \frac{P_{1}}{P_{2}} = \frac{9}{8}$

Alternatively:
Go through options
$1.8 + \frac{1.8 \times 6 \times 10}{100} = 1.6 + \frac{1.6 \times 8 \times 10}{100}$
Hence (d) is correct.

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Akram Ali left an amount of Rs. 340000 to be divided between his two sons aged 10 years and 12 years such that both of them would get an equal amount when each attains 18 years of age. What is the share of elder brother if the whole amount was invested at 10% simple interest :

The correct option is D 180000P1+P1×6×10100=P2+P2×8×10100⇒P1P2=98 Alternatively: Go through options 1.8+1.8×6×10100=1.6+1.6×8×10100 Hence (d) is correct.