Divide ₹4500 into two parts so that the simple interest on the first when deposited for one year at 9% per anum and that on the second when deposited for 3 years at 15% per annum in a bank are the same.
help!
Answers
Answered by
5
Answer:
Hence, the two parts = ₹3461.53 and ₹1038.47 Ans.
Step-by-step explanation:
Let the first part be ₹ x.
Then, second part = ₹(4500-x)
I Part:
Principle = ₹ x,
Rate of interest = 9% per annum and
Time = 2 years.
II Part:
Principle = (4500-x),
Rate of interest = 15% per annum and
Time = 2 years.
According to the condition,
.°. First part = ₹3461.53
Second part = ₹(4500-3461.53)
= ₹1038.47
Hence, the two parts = ₹3461.53 and ₹1038.47 Ans.
Similar questions