Correct Answer - Option 5 : Rs. 676 and Rs. 625
Given:
Total sum = Rs. 1301
Amount of A after 7 years = Amount of B after 9 years
Rate of Interest = 4% per annum
Concept Used:
C.I = P [{1 + (R/100)}n - 1]
R = Rate of Interest
T = Time
Calculation:
Let the sum of A and B be Rs. x and Rs. (1301 - x) respectively.
⇒ x{1 + (4/100)}7= (1301 - x){1 + (4/100)}9
⇒ x/(1301 - x) = {1 + (4/100)}2
⇒ x/(1301 - x) = (26/25)2
⇒ 625x = 676(1301 - x)
⇒ 1301x = 676 × 1301
Sum of A = x = 676.
Sum of B = (1301 - x) = 1301 - 676
⇒ Sum of B = 625.
∴ The sum of A and B initially was Rs. 676 and Rs. 625.