Anu, Manu & Kanu invest Rs.30,000, Rs.20,000 & Rs.15,000 in cloth business. Anu & Manu get respectively 15% & 5% of total profit. The remaining profit is divided among the three friends in the ratio of their investments. If Anu gets Rs.800 more than Manu, find Anu’s share in the profit.
@hartnn would be able to help u better....
An amount of money grows up to Rs 11520 in 2 years and up to Rs 13824 in 3 years on compound interest. What is the sum?
i found r=20% then i have to use compound interest formula?
@divu.mkr
11520=p(1+20/100)2
8000
srry srry i was wrong... A formula for calculating annual compound interest is A = P \left(1 + \frac{r}{n}\right)^{nt} where A = value after t periods P = principal amount (initial investment) r = annual nominal interest rate (not reflecting the compounding) n = number of times the interest is compounded per year t = number of years the money is borrowed for
u r right @shrutipande9
\[A=P+(1+\frac{ r }{ n })^{nt}\]
i have one more question on simple interest
aahh...dat i can do...
A certain amount of money becomes five times at the simple interest rate of 7% per annum. At what rate per cent will it become 9 times?
so let d principle be x. so amount would be 5x. so intrest would be A-P=4x. now use d formula I=PNR/100. SIMILARLY FOR THE 9TIMES. FIND N and then equate the 2 N's to find x
4x=x*n*7/100 400=7xn n=400/7
14% =r got it :-)
for this partnership question
Cool:D
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