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The Ages of Pramod and Rohit Are 16 Years and 18 Years Respectively. in What Ratio Must They Invest Money at 5% P.A. Compounded Yearly So that Both Get the Same Sum on Attaining the Age of 25 Years? - Mathematics

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प्रश्न

The ages of Pramod and Rohit are 16 years and 18 years respectively. In what ratio must they invest money at 5% p.a. compounded yearly so that both get the same sum on attaining the age of 25 years?

योग
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उत्तर

Let Rs.X and Rs.Y be the money invested by Pramod and Rohit respectively such that they will get the same sum on attaining the age of 25 years.
Pramod will attain the age of 25 years  after 25 - 16 = 9 years
Rohit will attain the age of 25 years  after 25 -18 = 7 years

X`( 1 + 5/100 )^9 = y( 1 + 5/100)^7`

⇒ `"X"/"Y" = 1/( 1 + 5/100 )^2`

⇒ `"X"/"Y" = 400/441`

Pramod and Rohit should invest in 400 : 441 ratio respectively such that they will get the same sum on attaining the age of 25 years.

shaalaa.com
Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest (Using Formula) - Exercise 3 (D) [पृष्ठ ५४]

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सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest (Using Formula)
Exercise 3 (D) | Q 10 | पृष्ठ ५४

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