Mathematics · Compound Interest
Rs. 3,903 is divided between A and B, so that A's share at the end of 7 years will be equal to B's share at the end of 9 years, with interest being compounded annually at the rate of 4% per annum. The share of A is:
- 1Rs. 2,028✓
- 2Rs. 2,075
- 3Rs. 1,875
- 4Rs. 1,828
Correct answer
Rs. 2,028
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