Manoj has ₹1612 with him.
Manoj has ₹1612 with him. He divided it amongst his sons Anand and Anil and asked them to invest it at 8% rate of interest compounded annually. It was seen that Anand and Anil got same amount after 13 and 14 years respectively. How much (in ₹) did Manoj give to Anand?
मनोज के पास ₹ 1612 हैं। उसने इसे अपने पुत्रों आनंद और अनिल के बीच बांट दिया तथा उन्हें इसे वार्षिक रूप से चक्रवृद्धि होने वाली 8% ब्याज दर पर निवेश करने को कहा। यह देखा गया कि आनंद और अनिल को क्रमशः 13 और 14 वर्ष बाद समान धनराशि प्राप्त हुई। मनोज ने आनंद को कितनी धनराशि (₹ में) दी थी?
Detailed Solution & Logic
837
Let the amount given to Anand be $ x $
Then, amount given to Anil = 1612 - $ x $
Rate of interest = 8% per annum (compounded annually)
Time for Anand = 13 years
Time for Anil = 14 years
Amount after 13 years for Anand = $ x(1.08)^{13} $
Amount after 14 years for Anil = $ (1612 - x)(1.08)^{14} $
Given that both final amounts are equal
$ x(1.08)^{13} = (1612 - x)(1.08)^{14} $
Dividing both sides by $ (1.08)^{13} $
$ x = (1612 - x)(1.08) $
$ x = 1740.96 - 1.08x $
$ x + 1.08x = 1740.96 $
$ 2.08x = 1740.96 $
$ x = \frac{1740.96}{2.08} $
$ x = 837 $
Amount given to Anand = ₹837
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