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Divide 28,730 between A and B so that wh...

Divide 28,730 between A and B so that when their shares are lent out at 10 per cent compound interest compounded per year, the amount that A receives in 3 years is the same as what B receives in 5 years.

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To solve the problem of dividing ₹28,730 between A and B such that the amount A receives in 3 years at 10% compound interest is equal to the amount B receives in 5 years, we can follow these steps: ### Step 1: Define Variables Let the amount A receives be \( X \). Therefore, the amount B receives will be: \[ 28730 - X \] ### Step 2: Write the Compound Interest Formula The formula for compound interest is given by: \[ A = P \left(1 + \frac{R}{100}\right)^T \] Where: - \( A \) is the total amount after time \( T \) - \( P \) is the principal amount (initial amount) - \( R \) is the rate of interest - \( T \) is the time in years ### Step 3: Calculate Amount for A For A, the principal is \( X \), the rate \( R \) is 10%, and the time \( T \) is 3 years. Thus, the amount A receives after 3 years is: \[ A_A = X \left(1 + \frac{10}{100}\right)^3 = X \left(\frac{11}{10}\right)^3 \] ### Step 4: Calculate Amount for B For B, the principal is \( 28730 - X \), the rate \( R \) is 10%, and the time \( T \) is 5 years. Thus, the amount B receives after 5 years is: \[ A_B = (28730 - X) \left(1 + \frac{10}{100}\right)^5 = (28730 - X) \left(\frac{11}{10}\right)^5 \] ### Step 5: Set the Amounts Equal According to the problem, the amounts received by A and B are equal: \[ X \left(\frac{11}{10}\right)^3 = (28730 - X) \left(\frac{11}{10}\right)^5 \] ### Step 6: Simplify the Equation We can simplify the equation by dividing both sides by \( \left(\frac{11}{10}\right)^3 \): \[ X = (28730 - X) \left(\frac{11}{10}\right)^2 \] ### Step 7: Expand and Rearrange Expanding the right side gives: \[ X = (28730 - X) \cdot \frac{121}{100} \] \[ X = \frac{28730 \cdot 121}{100} - \frac{121X}{100} \] Now, multiply through by 100 to eliminate the fraction: \[ 100X = 28730 \cdot 121 - 121X \] ### Step 8: Combine Like Terms Rearranging gives: \[ 100X + 121X = 28730 \cdot 121 \] \[ 221X = 28730 \cdot 121 \] ### Step 9: Solve for X Now, divide both sides by 221: \[ X = \frac{28730 \cdot 121}{221} \] ### Step 10: Calculate X Calculating the numerator: \[ 28730 \cdot 121 = 3476530 \] Now divide: \[ X = \frac{3476530}{221} \approx 15730 \] ### Step 11: Calculate B's Amount Now, find B's amount: \[ B = 28730 - X = 28730 - 15730 = 13000 \] ### Final Answer Thus, the amounts are: - Amount A receives: ₹15,730 - Amount B receives: ₹13,000
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ICSE-COMPOUND INTEREST (USING FORMULA)-EXERCISE 3(A)
  1. In how many years will Rs 7,000 amount to Rs 9,317 at 10 per cent per ...

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  2. Find the time, in years, in which Rs 4,000 will produce Rs 630.50 as c...

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  3. Divide 28,730 between A and B so that when their shares are lent out a...

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  4. A sum of Rs 44,200 is divided between John and Smith, 12 years and 14 ...

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  5. A sum of Rs 44,200 is divided between John and Smith, 12 years and 14 ...

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  6. The simple interest on a certain sum of money at 10% per annum is 6,00...

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  7. The simple interest on a certain sum of money at 10% per annum is 6,00...

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  8. The simple interest on a certain sum of money at 10% per annum is 6,00...

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  9. Find the difference between compound interest and simple interest on ...

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  10. Find the amount and the compound interest on Rs 12,000 in 3 years at 5...

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  11. Calculate the amount, if Rs 15,000 is lent at compound interest for 2 ...

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  12. Calculate the compound interest accrued on Rs 6,000 in 3 years, compou...

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  13. What sum of money will amount to Rs 5,445 in 2 years at 10% per annum ...

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  14. On what sum of money will the compound interest for 2 years at 5 per c...

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  15. Find the sum on which the compound interest for 3 years at 10% per ann...

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  16. What principal will amount to Rs 9,856 in two years, if the rates of ...

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  17. On a certain sum, the compound interest in 2 years amounts to Rs 4,24...

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  18. At what rate per cent per annum will Rs 6,000 amount to Rs 6,615 in 2 ...

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  19. At what rate per cent compound interest, does a sum of money become 1....

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  20. At what rate per cent will a sum of Rs 4,000 yield 1,324 as compound i...

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