Mathematics · Compound Interest
Shan has ₹1,218 with him. He divided it between his sons Piyush and Manoj and asked them to invest it at a 10% annual interest rate compounded annually. The amount obtained by Piyush after 18 years was equal to the amount obtained by Manoj after 19 years. How much money (in ₹) did Shan give to Manoj?
- 1430
- 2580✓
- 3638
- 4738
Correct answer
580
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