Mathematics · Compound Interest
Anil has ₹1,224 with him. He divided it between his sons Ashok and Raj and asked them to invest it at a 4% annual compound interest rate. It was observed that Ashok and Raj received the same total amount after 13 and 14 years respectively. How much money (in ₹) did Anil give to Raj?
- 1600✓
- 2450
- 3624
- 4724
Correct answer
600
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