Arun divided `32800 between Abhinav and Sunil, then they lent out their shares at C.I. amount that Abhinav receives in 2 years is the same as what Sunil receives in 3 years. The interest is compounded annually at the rate of 5% p.a. find their share.
Answers
Given : Arun divided 32800 between Abhinav and Sunil, then they lent out their shares at C.I.
amount that Abhinav receives in 2 years is the same as what Sunil receives in 3 years.
The interest is compounded annually at the rate of 5% p.a
To Find : their share.
Solution:
their share P = x , `32800 -x
R = 5%
n = 2 , 3
A = P (1 + R/100)ⁿ
x ( 1 + 5/100)² = (32800 -x) (1 + 5/100)³
=> x = (32800 -x)(1.05)
=> 2.05x = 32800 * 1.05
=> x = 16800
32800 -x = 16000
their share. = 16800 and 16000
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