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MOCK QUESTION - INTEREST

TRY THIS QUESTION - INTEREST - CAT 2009


A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will? 


(1) Rs. 17.5 lakhs 

(2) Rs. 21 lakhs 

(3) Rs. 15 lakhs 

(4) Rs. 20 lakhs


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