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