ICSE Class 9 Answered
Rohit and Rajan are two brothers with ages 18 years and 16 years respectively. In what ratio must they invest money at 5% compounded yearly so that each may get same sum at the age of 24 years?
Asked by Topperlearning User | 31 Jul, 2017, 01:48: PM
Expert Answer
Let the amount received by both the brothers = Rs. y
For Rohit
Let P = Rs. a; rate = 5% and time = 6 years
For Rajan
Let P = Rs. b; rate = 5% and time = 8 years
Divide equation (1) by equation (2)
Answered by | 31 Jul, 2017, 03:48: PM
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