simple interest and compound interest mba - Wikitechy https://www.wikitechy.com/interview-questions/tag/simple-interest-and-compound-interest-mba/ Interview Questions Tue, 07 Sep 2021 05:52:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png simple interest and compound interest mba - Wikitechy https://www.wikitechy.com/interview-questions/tag/simple-interest-and-compound-interest-mba/ 32 32 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 ? https://www.wikitechy.com/interview-questions/compound-interest/rs-5887-is-divided-between-shyam-and-ram-such-that-shyams-share-at-the-end-of-9-years-is-equal-to-rams-share-at-the-end-of-11-years-compounded-annually-at-the-rate-of-5-find-the-s/ https://www.wikitechy.com/interview-questions/compound-interest/rs-5887-is-divided-between-shyam-and-ram-such-that-shyams-share-at-the-end-of-9-years-is-equal-to-rams-share-at-the-end-of-11-years-compounded-annually-at-the-rate-of-5-find-the-s/#respond Tue, 17 Aug 2021 14:57:11 +0000 https://www.wikitechy.com/interview-questions/?p=1787

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 ?

A. 2088

B. 2000

C. 3087

D. None of these

Answer : C. 3087…

Explanation :

Shyam’s share * (1 + 0.05)9 = Ram’s share * (1 + 0.05)11
Shyam’s share / Ram’s share = (1 + 0.05)11 / (1 + 0.05)9
= (1 + 0.05)2
= 441/400
Therefore Shyam’s share = (441/841) * 5887
= 3087 .

]]> https://www.wikitechy.com/interview-questions/compound-interest/rs-5887-is-divided-between-shyam-and-ram-such-that-shyams-share-at-the-end-of-9-years-is-equal-to-rams-share-at-the-end-of-11-years-compounded-annually-at-the-rate-of-5-find-the-s/feed/ 0