What is the product of 16.2 and 4.2?
2 answers:
You might be interested in
Answer:
Rs 42000 and Rs 40000
Step-by-step explanation:
Given that Rs 82000 is divided into two parts.
Let the first part be Rs x which is compounded annually at the interest of 5% per annum for 2 years.
The rate of interest = 5%=0.05
The total amount after 2 years
The other part is Rs 82000-x which is compounded annually at the interest of 5% per annum for 3 years.
The total amount after 3 years
As both the amounts are equal, so from equation (i) and (ii)
x= 42000
And the other part = 82000-42000 = Rs 40000
Hence, he divides the money as
Rs 42000 at 5% per annum compound interest in 2 years and
Rs 40000 at 5% per annum compound interest in 3 years.