compound interest formula - Interview Questions

compound interest formula

Rs.5887 is divided between Shyam and Ram, such that Shyam’s share at the end of 9 years is equal to Ram’s share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam ?

Answer : C. 3087…

Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time ?

Answer : D. 3 years…