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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.

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.

Grade:10

2 Answers

Aditya Gupta
2081 Points
3 years ago
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 :)
Saurabh Koranglekar
askIITians Faculty 10335 Points
3 years ago
576-2284_15653112285331753654691.jpg

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