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A certain sum is to be divided between A and B so that after 5 years the amount received by A is equal to the amount received by B after 7 years. The rate of interest is 10%, interest compounded annually. Find the ratio of amounts invested by them.
please solve this5
Q: A certain sum is to be divided between A and B so that after 5 years the amount received by A is equal to the amount received by B after 7 years. The rate of interest is 10%, interest compounded annually. Find the ratio of amounts invested by them. please solve this
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Answer :
Explanation :
Let the sum(principal) received by A and B are x and y. (1+r) = = Then, = Hence, the ratio in which the sum is divided =121:100
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