Mathematics · Compound Interest
Shivam distributed &8377;23,400 between his two grandsons 14-year-old Rupesh and 15-year-old Mandar such that they get equal money when they turn 23 years old. Till then the money is in a bank getting compound interest at 8% per annum, compounded annually. How much (in &8377;) did Shivam deposit in the name of Mandar?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 112150✓
- 211250
- 312500
- 411000
Correct answer
12150
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