divide ₹28,730between a and hai that when their shares are lent out at 10 per cent compound interest compounded per year,the amount that a received in 3 years is the same as what b received in 5 years.
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10 %
means 10 will become 11
difference of year is 5-3 = 2
so, 100:121 will be the ratio ,
i.e 221 equivalent to 28730
so, multiplying factoe will be 130 ... ( 28730/221)
so, shares are = 130* 100 = 13000 for 3 years
and = 130* 121 =15730
hope it helped :)
means 10 will become 11
difference of year is 5-3 = 2
so, 100:121 will be the ratio ,
i.e 221 equivalent to 28730
so, multiplying factoe will be 130 ... ( 28730/221)
so, shares are = 130* 100 = 13000 for 3 years
and = 130* 121 =15730
hope it helped :)
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