A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at an age of 120 years @ 33(1/3) per annum compounded annually. Find the share of elder son?
〖 P(1+ r/100) 〗 ^n , 331/3% = 1/3 Let the Principal for younger son be x And the Principal for elder son be y Now, Interest to be calculated for Younger son = (120-12) = 108 years Elder son = (120-16) = 104 years Since Amount will be equally distributed then, 〖 x(1+ 1/3) 〗 ^108= 〖 y(1+1/3) 〗 ^104 x 〖 (4/3) 〗 ^(108 )=y 〖 (4/3) 〗 ^104 y/x = 〖 (4/3) 〗 ^(108-104 ) y/x = 256/81 Elder son’s share = 256/337× 60660 = 46080
When was the Pradhan Mantri Innovative Learning Programme- ‘DHRUV’ launched?
Recently Rama kant shukla has passed away He was a ___________?
Which of the following statements are correct regarding the eligibility criteria for maharatna companies?
1. It must be registered as a Navratna ...
Which Indian city tops the list of 10 ranked for the best high streets, as per the Knight Frank report?
Outlook Group has launched its highly anticipated retirement planning event, "40After40" in association with which bank shop for all conversations aro...
BharatPe Group has acquired a ________ stake in Trillion Loans, a non-banking financial company (NBFC) & the company will operate as an independent en...
M. S. Prabhakara recently died. He was a____?
Which of the following public sector bank announced to work with Russian banks to open a special rupee vostro account (SRVA) for invoicing in Indian cur...
The value of UPI transactions has grown from ₹ 1 lakh crore in FY 2017-18 to ________ in FY 2022-23 at a CAGR of 168%.
What is a key aspect of the draft of the Global Stocktake (GST) at COP28 regarding the phase-out of fossil fuels, and how does it align with climate sci...