Question
Download Solution PDFManoj has ₹1224 with him. He divided it amongst his sons Anand and Anil and asked them to invest it at 4% rate of interest compounded annually. It was seen that Anand and Anil got same amount after 17 and 18 years respectively. How much (in ₹) did Manoj give to Anil?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Manoj's total amount (₹) = 1224
Rate of interest (r) = 4%
Anand and Anil received the same amount after 17 and 18 years respectively.
Formula used:
A = P(1 + r/100)t
Calculation:
Anand's principal = P1, Anil's principal = P2
Amount for Anand = Amount for Anil
⇒ P1(1 + 4/100)17 = P2(1 + 4/100)18
⇒ P1 = P2(1 + 4/100)
⇒ P1 = P2(1 + 0.04)
⇒ P1 = P2 × 1.04
Total amount:
P1 + P2 = 1224
⇒ P2 × 1.04 + P2 = 1224
⇒ P2(1.04 + 1) = 1224
⇒ P2 × 2.04 = 1224
⇒ P2 = 1224 / 2.04
⇒ P2 = 600
∴ Manoj gave ₹600 to Anil.
Last updated on Jul 7, 2025
-> The Staff Selection Commission released the SSC GD 2025 Answer Key on 26th June 2025 on the official website.
-> The SSC GD Notification 2026 will be released in October 2025 and the exam will be scheduled in the month of January and February 2026.
-> Now the total number of vacancy is 53,690. Previously, SSC GD 2025 Notification was released for 39481 Vacancies.
-> The selection process includes CBT, PET/PST, Medical Examination, and Document Verification.
-> The candidates who will be appearing for the 2026 cycle in the exam must attempt the SSC GD Constable Previous Year Papers. Also, attempt SSC GD Constable Mock Tests.