Mathematics · Compound Interest
Divide Rs. 1301 between Mihir and Diptesh, so that the amount received by Mihir after 7 years is equal to the amount received by Diptesh after 9 years, the interest being compounded annually at 4% per annum. What is the share of Mihir?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 616
- 2Rs. 653
- 3Rs. 620
- 4Rs. 676✓
Correct answer
Rs. 676
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