A and B invested Rs 7999.99 and Rs 5000.03 in a business. A invested his amount for whole years and B invested for T+2 days. At the end of the year, the profit share of B is Rs 5999.93 out of total profit of Rs. 22000.01. Find the approximate value of ‘T’?
Correct Answer :
217
Solution :
To find the approximate value of T, we can first approximate the given values to make calculations simpler:
Investment of A ≈ Rs. 8000
Investment of B ≈ Rs. 5000
Total profit ≈ Rs. 22000
Profit share of B ≈ Rs. 6000
Since the total profit is Rs. 22000 and B's profit share is Rs. 6000, we can find A's profit share as follows:
Profit share of A = Total profit - Profit share of B
Profit share of A ≈ 22000 - 6000 = Rs. 16000
The ratio of the profit shares of A and B is:
We know that the profit share ratio is equal to the ratio of the product of their investments and their respective time periods. A invested for a whole year (365 days) and B invested for (T + 2) days.
Substituting the values into the formula:
Simplifying the fraction on the left side:
Dividing both sides by 8:
Since 365 divided by 5 is 73:
Cross-multiplying to solve for T:
Thus, the approximate value of T is 217.
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