(a) Let Rs \(x\) be invested in the first bond. Then, the sum of money invested in the second bond will be Rs\( (30000 − x).\) It is given that the first bond pays \(5\)% interest per year and the second bond pays \(7%\) % interest per year. Therefore, in order to obtain an annual total interest of Rs \(1800\), we have: \(\begin{bmatrix}x&(30000-x)\end{bmatrix}\begin{bmatrix}\frac{5}{100}\\\frac{7}{100}\end{bmatrix}=1800\) \([\)S.I for 1 year=\(\frac{Principal*Rate}{100}]\)
\(\Rightarrow\frac{5x}{100}+\frac{7(30000-x)}{100}=1800\)
\(\Rightarrow\) \(5x+210000-7x=180000\)
\(\Rightarrow\) \(210000-2x=180000\)
\(\Rightarrow\) \(2x=210000-180000\)
\(\Rightarrow\) \(x=15000\)
Thus, in order to obtain an annual total interest of Rs \(1800\), the trust fund should invest
Rs 15000 in the first bond and the remaining Rs \(15000\) in the second bond.
(b) Let Rs \(x\) be invested in the first bond. Then, the sum of money invested in the second bond will be Rs (\(30000 − x\)).
Therefore, in order to obtain an annual total interest of Rs \(2000\), we have:
\(\begin{bmatrix}x&(30000-x)\end{bmatrix}\begin{bmatrix}\frac{5}{100}\\\frac{7}{100}\end{bmatrix}=2000\)
\(\Rightarrow \frac{5x}{100}+\frac{7(30000-x)}{100}=2000\)
\(\Rightarrow\) \(5x+210000-7x=200000\)
\(\Rightarrow\) \(2x=210000-20000\)
\(\Rightarrow\) \(x=5000\)
Thus, in order to obtain an annual total interest of Rs \( 2000,\) the trust fund should invest Rs \(5,000\) in the first bond and the remaining Rs \( 25000\) in the second bond.
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.