Mathematics · Compound Interest
Arjun has ₹1394 with him. He divides this amount between his two sons, Kartik and Ishan, and asks them to invest their respective shares at a compound interest rate of 5% per annum, compounded annually. It is observed that Kartik's investment amounts to the same value after 17 years as Ishan's investment does after 18 years. How much (in ₹) did Arjun give to Ishan?
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680
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