A invests rs 800 at simple interest rate of 12 1/2%p.a for 2 years. B invests a certain sum at a compound intrest rate of 10% p.a compounded?

A invests rs 800 at simple interest rate of 12 1/2%p.a for 2 years. B invests a certain sum at a compound intrest rate of 10% p.a compounded annually for 3 years. the amounts that A & B recieve individually are in the ratio of 103:113 respectively, what is the sum invested by B

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  • Don G
    Lv 7
    1 month ago

    A invested $800 and received $1,000. B invested X @ 10%, C annually, N 3.

    A received 1,000; B received Y. At a ratio of 103:113: 103/1,000 = 113/Y; so Y = 1,097.

    FV 1,097, N 3, R 10%: PV = FV / (1.10)^3, or PV = 1,097 / 1.331 and PV = 824.19

    So B invested 824.19

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