Q1: Rs. 16,820 is divided between two brothers of age 27 years and 25 years. They invested their money at 5 % per annum compound interest in such a way that both will receive equal money at the age of 40 years. The share (in Rs.) of elder brother is?

• 8820 Rs.
  
  If share of elder brother=x, invested for 13 year and younger brother=(16820-x), invested for 15 years, then x[1+(5/100)]^13 =(16820-x)[1+(5/100)]^15
  x=(16820-x)(105/100)^2
  On solving x=8820
  
• 9 years agoHelpfull: Yes(0) No(0)