Mathematics · Compound Interest
Pramod has two grandsons, Ashish and Ketan. 13-year-old Ashish gets some money from Pramod's wealth, and 14-year-old Ketan gets the rest of the money. But Ashish and Ketan will get the money only when they turn 24 years old. Till then, the money will be kept in a bank earning interest at the rate of 8% per annum, compounded annually. When both turn 24, they receive the same amount. If the total money Pramod had was ₹23,400, how much money (in ₹) did Pramod initially give to Ketan?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 111,000
- 211,250
- 312,150✓
- 412,500
Correct answer
12,150
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Compound Interest MCQs →Want more practice questions on Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Compound Interest