Mathematics · Compound Interest
Rs. 1,00,000 is divided between Rohan and Mohan so that the amount that Rohan receives in 8 years is the same as that Mohan receives in 10 years at a certain compound interest rate. If the interest is compounded annually at 4% per annum, then Rohan's share is approximately:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 51,961.54✓
- 2Rs. 55,000.00
- 3Rs. 65,253.20
- 4Rs. 45,236.10
Correct answer
Rs. 51,961.54
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