a sum of Rs. 34533 is divided between rohit and rajesh, 18 years and 21 years old be invested at 5% per annum compound interest, both will receive equal at the age of 30 years. find the shares of each out of Rs. 34,522
Answer :
We have total money = Rs. 34,522
Let Rohit have share of money = Rs . x
And
Rajesh have share of money = Rs . 34,522 - x
Rate = 5%
Time for Rohit = 30 - 18 = 12 years
Time for Rajesh = 30 - 21 = 9 years
And they recieve equal money at that time So,
Rohit' s money = Rajesh money
Compound interest on x for 12 years = Compound interest on ( 34,522 - x ) for 9 years As:
= ( 34522 - x )
Now we divide by on both hand side , we get
x = 34,522 - x
x ( 1.05 )3 = 34,522 - x
1.157625x + x = 34,522
x =
x = 16000
So
Rohit share money = 16000 rs
And
Rajesh share = 34,522 - 16000 = 18522 rs ( Ans )
We have total money = Rs. 34,522
Let Rohit have share of money = Rs . x
And
Rajesh have share of money = Rs . 34,522 - x
Rate = 5%
Time for Rohit = 30 - 18 = 12 years
Time for Rajesh = 30 - 21 = 9 years
And they recieve equal money at that time So,
Rohit' s money = Rajesh money
Compound interest on x for 12 years = Compound interest on ( 34,522 - x ) for 9 years As:
= ( 34522 - x )
Now we divide by on both hand side , we get
x = 34,522 - x
x ( 1.05 )3 = 34,522 - x
1.157625x + x = 34,522
x =
x = 16000
So
Rohit share money = 16000 rs
And
Rajesh share = 34,522 - 16000 = 18522 rs ( Ans )