Aman divided 90756 between Pooja and Prem and they invest their money at 5% and 8% per annum compound interest respectively such that they both receive equal amount at the end of 2 years. find the share of each.
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- Aman divided an amount of sum of ₹90,756 among Pooja and Prem.
- They (Pooja and Prem) invested their sum in 5% and 8% p.a.(per annum) for 2 year.
- The share that was shared between them
2 years ago.
We know that,
So, let's assume that the Pooja's share is ₹x.
Then, Prem's share will be ₹(90,756 - x)
Where,
➠
P(principal) = ₹x.
R(rate) = 5%.
n(time) = 2 years.
➠
P(principal) = ₹(90,756 - x).
R(rate) = 8%.
n(time) = 2 years.
NOW,
As it is told that they gets same amount after a duration of 2 years.
Hence,
We can write it as :
☯ According to the question,
Substituting the given values :
Hence,
After solving the equation we get :
➠ x = ₹46,656 ➝ Pooja's share
Therefore,
Prem's share will be :
➠ ₹(90,756 - x)
➠ ₹(90,756 - 46,656)
➠ ₹ 44,100 ➝ Prem's share
THUS,
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