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Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by?
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Mr X invest P amount at simple interest rate 10% and Mr y invest Q amo...
Calculation of Amounts Invested by Mr X and Mr Y
Given:
- Mr X invests P amount at a simple interest rate of 10%
- Mr Y invests Q amount at a compound interest rate of 5% compounded annually
To calculate:
- The total amount invested by Mr X and Mr Y
Solution:
Amount Invested by Mr X:
- The simple interest formula is: SI = (P * R * T) / 100, where P is the principal amount, R is the rate of interest and T is the time period.
- As per the question, P is the amount invested by Mr X, R is 10% and T is not given.
- Let's assume that Mr X invests for 2 years.
- Therefore, the amount invested by Mr X after 2 years is P + (P * R * T) / 100 = P + (P * 10% * 2) / 100 = P + P * 0.2 = P * 1.2.
Amount Invested by Mr Y:
- The compound interest formula is: A = P * (1 + R/100)^n, where P is the principal amount, R is the rate of interest and n is the number of years.
- As per the question, Q is the amount invested by Mr Y, R is 5% and n is 2 years.
- Therefore, the amount invested by Mr Y after 2 years is Q * (1 + 5%/1)^2 = Q * 1.1025.
Total Amount Invested:
- The total amount invested by Mr X and Mr Y is P * 1.2 + Q * 1.1025.
Therefore, the total amount invested by Mr X and Mr Y can be calculated using the above formula.
Note: The question does not specify the units of P and Q, so the answer will also be in the same units as P and Q.
Given:
- Mr X invests P amount at a simple interest rate of 10%
- Mr Y invests Q amount at a compound interest rate of 5% compounded annually
To calculate:
- The total amount invested by Mr X and Mr Y
Solution:
Amount Invested by Mr X:
- The simple interest formula is: SI = (P * R * T) / 100, where P is the principal amount, R is the rate of interest and T is the time period.
- As per the question, P is the amount invested by Mr X, R is 10% and T is not given.
- Let's assume that Mr X invests for 2 years.
- Therefore, the amount invested by Mr X after 2 years is P + (P * R * T) / 100 = P + (P * 10% * 2) / 100 = P + P * 0.2 = P * 1.2.
Amount Invested by Mr Y:
- The compound interest formula is: A = P * (1 + R/100)^n, where P is the principal amount, R is the rate of interest and n is the number of years.
- As per the question, Q is the amount invested by Mr Y, R is 5% and n is 2 years.
- Therefore, the amount invested by Mr Y after 2 years is Q * (1 + 5%/1)^2 = Q * 1.1025.
Total Amount Invested:
- The total amount invested by Mr X and Mr Y is P * 1.2 + Q * 1.1025.
Therefore, the total amount invested by Mr X and Mr Y can be calculated using the above formula.
Note: The question does not specify the units of P and Q, so the answer will also be in the same units as P and Q.
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Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by?
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Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by?.
Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr X invest P amount at simple interest rate 10% and Mr y invest Q amount at the compound interest rate 5% compounded annually at the end of two amounts P and Q is given by?.
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