Math Problem Statement

Akshay deposited Rs. 'x' in a bank at compound interest of 30% p.a. compounded annually. At the end of 2 years, he divided the sum received from the bank between Sonu and Monu in the ratio of 9:7, respectively. Sonu invested his share in a scheme offering simple interest of 24% p.a., for 10 years while Monu invested his share in another scheme offering < simple interest of 10% p.a., for 28 years and difference between the interest received by Sonu and Monu is Rs. 1014. Abhilash invested Rs. 'x + 608' in a scheme offering compound interest of R% p.a. compounded annually for 2 years and received an interest which is equal to the interest earned by Sonu if he would have invested Rs. 1183 less than the amount received by him from Akshay at simple interest of (3R/5) % p.a. for 6 years.

If Sonu and Monu entered in a partnership with Rs. 6000 and Rs. 9000. After 5 months Monu left and Akshay joined with capital Rs. 6000 less than Monu. If at the end of year profit of Akshay was Rs. 49 less than the amount received by Monu from Akshay, then find the total profit at the end of year?

Solution

The problem you've given is complex and multi-step, involving multiple concepts from compound interest, simple interest, and profit-sharing partnerships. To solve this problem, we will break it down into smaller parts, solve each piece, and then combine the results.

Step 1: Calculate the total amount after 2 years of compound interest

Akshay deposited Rs. xx at 30% p.a. compounded annually for 2 years. The formula for compound interest is:

A=P(1+r100)tA = P \left( 1 + \frac{r}{100} \right)^t

Where:

  • AA = Amount after interest
  • PP = Principal (initial deposit, which is xx)
  • rr = Interest rate per annum (30%)
  • tt = Time (2 years)

A=x(1+30100)2=x(1.3)2=x×1.69A = x \left( 1 + \frac{30}{100} \right)^2 = x \left( 1.3 \right)^2 = x \times 1.69

So, after 2 years, the amount received by Akshay is 1.69x1.69x.

Step 2: Divide the amount between Sonu and Monu

The total amount 1.69x1.69x is divided between Sonu and Monu in the ratio 9:7. Let Sonu’s share be SS and Monu’s share be MM. We know:

S=99+7×1.69x=916×1.69x=0.950625xS = \frac{9}{9+7} \times 1.69x = \frac{9}{16} \times 1.69x = 0.950625x M=716×1.69x=0.739375xM = \frac{7}{16} \times 1.69x = 0.739375x

Step 3: Calculate the interest received by Sonu and Monu

  • Sonu: Sonu invested his share 0.950625x0.950625x at simple interest of 24% p.a. for 10 years. The formula for simple interest is:

I=P×r×t100I = P \times \frac{r \times t}{100} ISonu=0.950625x×24×10100=0.950625x×2.4=2.2815xI_{\text{Sonu}} = 0.950625x \times \frac{24 \times 10}{100} = 0.950625x \times 2.4 = 2.2815x

  • Monu: Monu invested his share 0.739375x0.739375x at simple interest of 10% p.a. for 28 years.

IMonu=0.739375x×10×28100=0.739375x×2.8=2.07025xI_{\text{Monu}} = 0.739375x \times \frac{10 \times 28}{100} = 0.739375x \times 2.8 = 2.07025x

Step 4: Find the difference between the interest received by Sonu and Monu

The difference in interest between Sonu and Monu is Rs. 1014, so:

ISonuIMonu=1014I_{\text{Sonu}} - I_{\text{Monu}} = 1014 2.2815x2.07025x=10142.2815x - 2.07025x = 1014 0.21125x=10140.21125x = 1014 x=10140.21125=4800x = \frac{1014}{0.21125} = 4800

So, Akshay initially deposited Rs. 4800.

Step 5: Solve for the interest earned by Abhilash

Abhilash invested Rs. x+608=4800+608=5408x + 608 = 4800 + 608 = 5408 at compound interest of R%R \% p.a. for 2 years. The interest earned by Abhilash is equal to the interest Sonu would have earned if he invested 11831183 less than his amount at simple interest of 3R5%\frac{3R}{5} \% for 6 years.

Let’s first calculate the amount Sonu would have invested:

Sonu’s investment=0.950625x1183=0.950625×48001183=45631183=3380\text{Sonu's investment} = 0.950625x - 1183 = 0.950625 \times 4800 - 1183 = 4563 - 1183 = 3380

Now, the simple interest formula is:

I=P×r×t100I = P \times \frac{r \times t}{100} Substituting P=3380P = 3380, r=3R5r = \frac{3R}{5}, and t=6t = 6:

ISonu=3380×3R5×6100=3380×18R500=121.68RI_{\text{Sonu}} = 3380 \times \frac{\frac{3R}{5} \times 6}{100} = 3380 \times \frac{18R}{500} = 121.68R

Step 6: Partnership details

Sonu and Monu entered into a partnership with Rs. 6000

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Math Problem Analysis

Mathematical Concepts

Compound Interest
Simple Interest
Ratios
Partnership Profit Sharing

Formulas

Compound Interest Formula: A = P(1 + r/100)^t
Simple Interest Formula: I = P * (r * t) / 100
Ratio for Profit Sharing

Theorems

Interest Calculation in Compound and Simple Interest
Profit Sharing in Partnerships

Suitable Grade Level

Grades 11-12