Mathematics · Compound Interest
Piyush has ₹1407 with him. He divides this amount between his two sons, Manoj and Anand, and asks them to invest their respective shares at a compound interest rate of 10% per annum, compounded annually. It is observed that Manoj's investment amounts to the same value after 16 years as Anand's investment does after 17 years. How much (in ₹) did Piyush give to Anand?
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670
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