Mathematics · Compound Interest
Shivam has two grandsons, Rupesh and Mandar. 12-year-old Rupesh gets some money from Shivam's wealth, and 13-year-old Mandar gets the rest. Rupesh and Mandar will receive the money only when they turn 25 years old. Till then, the money earns compound interest at 8% per annum. When both turn 25, they receive equal amounts. If the total sum distributed was ₹23,400, how much money (in ₹) did Shivam initially give to Mandar?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 112,500
- 211,250
- 312,150✓
- 411,000
Correct answer
12,150
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