Let the final value of each deposits be A.
& intial share of Arman, Bela, & cora are Pa, Pb, Pc.
Given,
Rate of interest, r = 10 %
So, original shares,
Arman's share in 2 years, Pa = V /(1+0.2) = V / 1.2
Bela's share in 4 years, Pb = V ( 1+ 0.4 = V/1.4
Cora's share in 5 years, Pc = V ( 1+0.5) = V/1.5
As total distributed amount is 1860,
V/1.2 +V/1.4 + V /1.5 = 1860
V ( 5/6 + 5/7 + 2/3 ) = 1860
V (31/14) = 1860
V = 840
Cora's initial share, Pc = 840/1.5 =
560Answer : C ( 560)Bunuel
A school sets aside $1,860 to be divided among three students: Arman, Bela, and Cora. Each student’s share will be deposited at 10% annual simple interest. Arman’s share will be deposited for 2 years, Bela’s share for 4 years, and Cora’s share for 5 years. If the shares are chosen so that the three deposits have the same value at the end of their respective deposit periods, how much is Cora’s original share?
A. $520
B. $540
C. $560
D. $600
E. $620
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