Mathematics · Compound Interest
Manoj has ₹1,612 with him. He divided it between his sons Anand and Anil and asked them to invest it at an 8% rate of interest compounded annually. It was observed that Anand and Anil received the same total amount after 13 and 14 years respectively. How much (in ₹) did Manoj give to Anand?
- 1875
- 2837✓
- 3775
- 4687
Correct answer
837
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