Arithmetichard · Past Paper

Divide Rs 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, interest being compounded at 4% p.a.

ARs 676, Rs 625
BRs 650, Rs 651
CRs 700, Rs 601
DRs 800, Rs 501

✓ Correct Answer: ARs 676, Rs 625

A(1.04)^7 = B(1.04)^9 => A/B = (1.04)^2 = 1.0816 = 676/625. A+B=1301, so A=676, B=625.

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