Question

a man sold his flat invest half of the money received at compound interest of 6% per annum and other at 10% per annum for 3 years he will get rupees 613504 after 3 years at what price did he sell his flat??

Answer 1

Answer:

man sold his flat He invested half of the money received at a compound interest of 6 % p a and the other half at 10 % p a for 3 years He will get rupees ...

Top answer · 1 vote

Answer 2

Step-by-step explanation:

Let 2P be the money

So each investment = P

So the compound interest of 6% per annum for three years

= P (1+6/100)^3

= P (106/100)^3

Again the compound interest of 10% per annum for three years

= P (1+10/100)^3

/100)^3 = P (110/100)^3

So

P (106/100)^3 + P (110/100)^3 = 613504

P (106)^3 + P (110)^3 = 613504 × 100^3

P × 2522016 = 613504 × 1000000

P = 243259.36

So the required answer is

= 2× 243259.36

= 486518.72

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