Compound Interest - Quantitative Aptitude (MCQ) questions for Q. 29780

Q.  Raj has Rs. 1301 with him. He divided it amongst his sons Prakash and Prashant and asked them to invest it at 4% rate of interest compounded annually. It was seen that Prakash and Prashant got same amount after 17 and 19 years respectively. How much did Raj give to Prashant?
- Published on 03 May 17

a. Rs. 705
b. Rs. 615
c. Rs. 676
d. Rs. 625

ANSWER: Rs. 625
compound interest

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