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Grade: 10
        
Rs 5000 is distributed among 2 persons for 3 years. First party paid Rs 393 more interest than the second party. Find their sum where first party paid at Compound Interest and second party paid at Simple Interest.
3 months ago

Answers : (2)

Aditya Gupta
1683 Points
							
let first person get f Rs and second one get s Rs such that f+s= 5000
now, compound interest paid by first person= f(1+r)^3 – f
and simple interest paid by second person= sr*3
by given condition f(1+r)^3 – f= 393 + 3sr
so obviously this ques cannot be solved until value of r is provided. maybe you can repost the ques with a pic from the book you have taken it from. i will then b happy to assist you further.
kindly approve :)
3 months ago
Saurabh Koranglekar
askIITians Faculty
3156 Points
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3 months ago
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