Question:medium

A sum of Rs 16896 is to be divided between Reena and Meena who are respectively 18 and 19 years old, in such a way that if their shares be invested at 6.25% per annum at compound interest, they will receive equal amounts on attaining the age of 21 years. The present share (in Rs) of Reena is:

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When two shares are invested at the same compound interest rate $r$ for time periods differing by 1 year, the ratio of the share of the younger person to that of the older person is always: \[ \frac{\text{Younger Share}}{\text{Older Share}} = \frac{1}{1 + \frac{r}{100}} \] Since the rate is $6.25\% = \frac{1}{16}$, the ratio is directly $\frac{16}{17}$.
This reduces calculation time.
Updated On: Jul 18, 2026
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The Correct Option is C

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