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A sum of Rs. 1682 is to be divided betwe...

A sum of Rs. 1682 is to be divided between A and B who are respectively 20 years and 22 years old. They invest their shares at 5% per annum, compounded annually. At the age of 25 years both receive equal amounts. Find the share of each.

A

Rs. 730, Rs. 952

B

Rs. 750 , Rs. 932

C

Rs. 700 , Rs. 982

D

Rs. 800 , Rs. 882

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The correct Answer is:
To solve the problem step by step, we will find the shares of A and B based on the given conditions. ### Step 1: Understand the problem A sum of Rs. 1682 is to be divided between A and B, who are 20 years and 22 years old, respectively. They invest their shares at 5% per annum, compounded annually. After 5 years, when A is 25 and B is 27, both receive equal amounts. ### Step 2: Define the variables Let A's share be \( x \) and B's share be \( 1682 - x \). ### Step 3: Calculate the amounts received after 5 years A invests his share for 5 years, while B invests his share for 3 years. The formula for compound interest is: \[ A = P \left(1 + \frac{R}{100}\right)^n \] Where: - \( A \) is the amount received after \( n \) years, - \( P \) is the principal amount (initial investment), - \( R \) is the rate of interest (5%), - \( n \) is the number of years. For A: \[ A_A = x \left(1 + \frac{5}{100}\right)^5 = x \left(1.05\right)^5 \] For B: \[ A_B = (1682 - x) \left(1 + \frac{5}{100}\right)^3 = (1682 - x) \left(1.05\right)^3 \] ### Step 4: Set the amounts equal Since both receive equal amounts after 5 years: \[ x \left(1.05\right)^5 = (1682 - x) \left(1.05\right)^3 \] ### Step 5: Simplify the equation Dividing both sides by \( \left(1.05\right)^3 \): \[ x \left(1.05\right)^2 = 1682 - x \] \[ x \cdot 1.1025 = 1682 - x \] ### Step 6: Rearranging the equation \[ x \cdot 1.1025 + x = 1682 \] \[ x(1.1025 + 1) = 1682 \] \[ x(2.1025) = 1682 \] ### Step 7: Solve for x \[ x = \frac{1682}{2.1025} \approx 800 \] ### Step 8: Find B's share \[ B's \, share = 1682 - x = 1682 - 800 = 882 \] ### Conclusion A's share is Rs. 800 and B's share is Rs. 882.
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