Question

Divide `66300 between A and B such that the amount received by A after 8 years is equal to the amount received by B after 10 years. Whereas the rate of interest is 10% per annum compounded annually.

• A. A = `35,520, B = `30,810
• B. A = `37,000, B = `29,300
• C. A = `35,200, B = `31,000
• D. A = `36,300, B = `30,000

Answer 1

Answer: (D)