Divide Rs. 21,000 in two parts in such a way that the compound amount of the first part at the rate of 10% p.a. for 3 years is equal to the compound amount for 2 years. What sums are there in the first part and the second part? Find it.

Question

Accepted Answer

Let the first part (3 years) , so the second part (2 years) . . Setting compound amounts equal: , so , giving , so , thus . So the first part is Rs. and the second part is Rs. .