Mathematics · Compound Interest
Ajay has ₹1404. He divides this amount between his two sons, Prakash and Gopal, and asks them to invest their respective shares at a compound interest rate of 8% per annum, compounded annually. It is observed that Prakash's investment amounts to the same value after 18 years as Gopal's investment does after 19 years. How much (in ₹) did Ajay give to Gopal?
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675
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