Divide Rs. 3903 between Amar and Akbar such that Amar's share at the end of 7 years is equal to Akbar's share at the end of 9 years at 4% p.a. rate of compound interest.
Correct Answer : A
A person bought a motorbike under the following scheme; Down payment of Rs. 15000 and the rest amount at 8% per annum for 2 years. In this way, he paid Rs. 28290 in total. Find the actual price of the motorbike.
A gentleman buys every year Bank's cash certificates of value exceeding the last year's purchase by Rs. 300. After 20 years, he finds that the total value of the certificates purchased by him is Rs. 83,000. Find the value of the certificates purchased by him in the 13th year.
Ankita takes a loan of Rs. 11,30,500 for 2 years, part of which he manages to get at 5% CI and rest of it only at 6% CI. If the total interest payable on the two parts is the same over the two years, what amount was he able to get as loan at 5%?