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Divide Rs. 10230 into two parts such tha...

Divide Rs. 10230 into two parts such that the first part after 10 years is equal to the second part after 7 years, compound inter est being 20% per annum com pounded yearly.

A

Rs. 4150 , Rs. 56080

B

Rs. 3950, Rs. 6280

C

Rs. 3750 , Rs. 6480

D

Rs. 3550 , Rs. 6680

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The correct Answer is:
To solve the problem of dividing Rs. 10,230 into two parts such that the first part after 10 years is equal to the second part after 7 years, with a compound interest rate of 20% per annum, we can follow these steps: ### Step 1: Define the Parts Let the first part be \( P \) and the second part be \( Q \). ### Step 2: Write the Amounts After Interest According to the problem, the amount of the first part after 10 years is equal to the amount of the second part after 7 years. The formula for compound interest is: \[ A = P \left(1 + \frac{r}{100}\right)^n \] Where: - \( A \) is the amount after time \( n \) - \( P \) is the principal amount - \( r \) is the rate of interest - \( n \) is the number of years For the first part \( P \) after 10 years: \[ A_P = P \left(1 + \frac{20}{100}\right)^{10} = P \left(1.2\right)^{10} \] For the second part \( Q \) after 7 years: \[ A_Q = Q \left(1 + \frac{20}{100}\right)^{7} = Q \left(1.2\right)^{7} \] ### Step 3: Set the Amounts Equal Since \( A_P = A_Q \), we can write: \[ P \left(1.2\right)^{10} = Q \left(1.2\right)^{7} \] ### Step 4: Simplify the Equation Dividing both sides by \( (1.2)^7 \): \[ P \left(1.2\right)^{3} = Q \] This can be rewritten as: \[ P = Q \left(\frac{1}{(1.2)^3}\right) \] ### Step 5: Calculate \( (1.2)^3 \) Calculating \( (1.2)^3 \): \[ (1.2)^3 = 1.728 \] Thus: \[ P = \frac{Q}{1.728} \] ### Step 6: Express \( P \) in Terms of \( Q \) Rearranging gives: \[ P = \frac{125}{216} Q \] ### Step 7: Use the Total Amount We know that: \[ P + Q = 10230 \] Substituting \( P \): \[ \frac{125}{216} Q + Q = 10230 \] ### Step 8: Combine Terms Combining the terms: \[ \left(\frac{125 + 216}{216}\right) Q = 10230 \] \[ \frac{341}{216} Q = 10230 \] ### Step 9: Solve for \( Q \) Multiplying both sides by \( \frac{216}{341} \): \[ Q = 10230 \times \frac{216}{341} \] Calculating \( Q \): \[ Q = 6480 \] ### Step 10: Find \( P \) Using \( Q \) to find \( P \): \[ P = 10230 - Q = 10230 - 6480 = 3750 \] ### Final Answer Thus, the two parts are: - \( P = 3750 \) - \( Q = 6480 \)
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