Here's how I thought about this question:
Let's set student A's original share is A,
student B's original share is B,
student C's original share is C.
1,860=A+B+C
Total money for the 1st year, under the condition of annual simple interest:
A: A+A*10%
=A(1+10%)
Total money for the 2nd year, under the condition of annual simple interest:
A: (A+A*10%)+A*10%
=A+2*A*10%
=A(1+20%)
=1.2A
Therefore, we can infer:
B's total money for 4 years will be: B+4*B*10%
=B(1+40%)
=1.4B
and
C's total money for 5 years will be: C+5*C*10%
=C(1+50%)
=1.5C
The premise in the question says that these three savings have the same value at the end of their respective deposit periods,
so we can come up this: 1.2A=1.4B=1.5C
, and the question wants to know C, so we can infer:
A=1.5C/1.2
B=1.5C/1.4
Plus, the premise in the question says these three students' original money are from 1860,
so we can list the line as: A+B+C=1,860, which is:
(1.5C/1.2)+(1.5C/1.4)+C =1,860
=> (10.5C+9C+8.4C)/8.4 =1,860
=>27.9C=1,860*8.4
=>27.9C=15,624
=>C=560
Therefore, the answer of this question is
C.560.
If anything above is incorrect, pls let me know.
Thank you!
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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