Mathematics · Compound Interest
Ashish has ₹1,218 with him. He divides it between his sons Arun and Mahesh and asks them to invest it at a 10% rate of interest compounded annually. It was observed that Arun and Mahesh received the same amount after 11 and 12 years, respectively. How much (in ₹) did Ashish give to Mahesh?
- 1638
- 2580✓
- 3580
- 4430
Correct answer
580
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