Mathematics · Compound Interest
Shan has ₹1407 with him. He divides this amount between his two sons, Piyush and Manoj, and asks them to invest their respective shares at a compound interest rate of 10% per annum, compounded annually. It is observed that Piyush's investment amounts to the same value after 18 years as Manoj's investment does after 19 years. How much (in ₹) did Shan give to Manoj?
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670
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