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Posted Date: 02 Jul 2009 Posted By: sudha Member Level: Gold Category: Arithmetic Reasoning
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A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will?
Select Answer:
Rs. 17.5 lakhs
Rs. 21 lakhs
Rs. 15 lakhs
Rs. 20 lakhs
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A sum of money invested for a certain number of years at 8% p.a. simple interest grows to Rs.180. The same sum of money invested for the same number of years at 4% p.a. simple interest grows to Rs.120 only. For how many years was the sum invested?
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