Mathematics · Compound Interest
Divide Rs 20,609 between A and B, such that the amount of A after 7 years is equal to the amount of B after 9 years, with the interest being compounded annually at 3% per annum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A = Rs 10,609; B = Rs 10,000✓
- 2A = Rs 10,509; B = Rs 10,100
- 3A = Rs 10,601; B = Rs 10,008
- 4A = Rs 10,605; B = Rs 10,004
Correct answer
A = Rs 10,609; B = Rs 10,000
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