Mathematics · Compound Interest
Mandar has two grandsons Ketan and Tushar. 11 year old Ketan gets some money from Mandar's wealth and 12 year old Tushar gets rest of the money. But Ketan and Tushar will get money only when they turn 22 years old. Till then the money is in a bank getting interest at rate 8% compounded annually. When both turn 22, they receive the same amount. How much had Mandar given Tushar (in ₹) initially, if total money with Mandar was ₹24700?
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