Compound Interest - Quantitative Aptitude (MCQ) questions for Q. 29801

Q.  A has two grandsons P and Q. 13 year old P gets some money from A’s wealth and 14 year old Q gets rest of the money. But P and Q will get money only when they turn 25 years old. Till then the money is in a bank getting interest at rate 4% compounded annually. When both turn 25, they receive the same amount. How much had A given Q initially, if total money with A was Rs.25500?
- Published on 08 May 17

a. Rs. 12500
b. Rs. 13000
c. Rs. 15000
d. Rs. 11500

ANSWER: Rs. 13000
 
compound interest

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