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Divide Rs. 15494 between A and B so that...

Divide Rs. 15494 between A and B so that A's share at the end of 9 years may be equal to B's share at the end of 11 years, compound interest being 20% per annum. Then A's share is :

A

(a) rs 9000

B

(b) rs 9244

C

(c) rs 9144

D

(d) rs 10000

Text Solution

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The correct Answer is:
To solve the problem of dividing Rs. 15494 between A and B such that A's share at the end of 9 years is equal to B's share at the end of 11 years with a compound interest rate of 20% per annum, we can follow these steps: ### Step 1: Define Variables Let A's share be \( x \). Then, B's share will be \( 15494 - x \). ### Step 2: Write the Compound Interest Formula The formula for the amount \( A \) after \( n \) years with principal \( P \) and interest rate \( r \) is given by: \[ A = P \left(1 + \frac{r}{100}\right)^n \] ### Step 3: Set Up the Equation According to the problem, A's amount after 9 years will be equal to B's amount after 11 years: \[ x \left(1 + \frac{20}{100}\right)^9 = (15494 - x) \left(1 + \frac{20}{100}\right)^{11} \] ### Step 4: Simplify the Equation Substituting \( 1 + \frac{20}{100} = 1.2 \): \[ x \cdot (1.2)^9 = (15494 - x) \cdot (1.2)^{11} \] ### Step 5: Divide Both Sides by \( (1.2)^9 \) This simplifies to: \[ x = (15494 - x) \cdot (1.2^2) \] ### Step 6: Calculate \( (1.2)^2 \) Calculating \( (1.2)^2 \): \[ (1.2)^2 = 1.44 \] Thus, the equation becomes: \[ x = (15494 - x) \cdot 1.44 \] ### Step 7: Expand and Rearrange the Equation Expanding the right side: \[ x = 15494 \cdot 1.44 - 1.44x \] Rearranging gives: \[ x + 1.44x = 15494 \cdot 1.44 \] \[ 2.44x = 15494 \cdot 1.44 \] ### Step 8: Calculate \( 15494 \cdot 1.44 \) Calculating \( 15494 \cdot 1.44 \): \[ 15494 \cdot 1.44 = 22212.16 \] ### Step 9: Solve for \( x \) Now, we solve for \( x \): \[ x = \frac{22212.16}{2.44} \approx 9100 \] ### Step 10: Final Answer Thus, A's share is approximately: \[ \boxed{9100} \]
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