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21 September, 11:57

divide 41000 into two parts such that their amounts at 50% compound interest compounded annually in 2 and 3 years are equal

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  1. 21 September, 14:54
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    Answer:24600, 16400

    Step-by-step explanation:

    Let the first part be x

    So, second part will be 41000 - x

    For amount x

    SI = prt / 100

    SI = x * 0.50 * 2

    SI = 1x

    For amount 41000 - x

    SI = (41000-x) * 0.50 * 3

    SI = 61500 - 1.5x

    1x = 61500 - 1.5x

    1.5x + x = 61500

    2.5x = 61500

    x = 61500 / 2.50 = 24600 for 2 years

    2nd part = 41000 - 24600 = 16400 for three years
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