Mathematics · Compound Interest
A sum of Rs 4,080 is divided between Ajay and Vijay in such a way that when invested at 4% per annum compound interest, compounded annually, the amount Ajay receives after 10 years is equal to the amount Vijay receives after 11 years. Find Ajay's share.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs 2,000
- 2Rs 2,200
- 3Rs 2,280
- 4Rs 2,080✓
Correct answer
Rs 2,080
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