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Question

Divide Rs 20,816 between A and B so that As share at the end of 7 years is equal to Bs share at the end of 9 years with compound interest being 4% p.a

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Solution

A's share after 7 years = B's share after 9 years
A(1+4100)7=B(1+4100)9
AB=(104100)97=(104100)2=(2625)2=676625
A's share : B's share = 676:625
Since the total present amount is Rs 20,816
A's share = 20,816×676676+625=20816×6761301
=Rs.10816
B's present share = 20816-10816=10,000 rupees.

1245560_1509374_ans_a782a706f2674a7c9fcf931777d01e3a.PNG

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