Mathematics · Compound Interest
Arun has ₹1,407 with him. He divides this amount between his two sons, Mahesh and Vijay, and asks them to invest their respective shares at a compound interest rate of 10% per annum, compounded annually. It is observed that Mahesh's investment amounts to the same value after 12 years as Vijay's investment does after 13 years. How much (in ₹) did Arun give to Vijay?
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670
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