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Divide Rs. 2379 into three parts so that their amounts after 2, 3 and 4 years respectively may be equal, the rate of interest being 5% per annum at simple interest. The first part is ?
Rs. 759
Rs. 792
Rs. 818
Rs. 828
Let's assume 3 parts of amount are x,y andz.
x+y+z=2379
SI for x= x*5*2/100=> x/10
Total amount after 2 years - x+(x/10)= 11x/10 ------------(1)
SI for y= y*5*3/100=> 15y/100
Total amount after 3 years - y+(15y/100) = 115y/100 -------(2)
SI for z= z*5*4/100=> z/5
Total amount after 4 years - z+(z/5) = 6z/5 ---------------(3)
As per the conditions "3 parts amounts after 2, 3 and 4 years respectively may be equal" (1) = (2) = (3)
based on the above condition and x+y+z=2379, we can get x= 828, y= 792 and z= 759
By: Deepak Dawra ProfileResourcesReport error
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