Mathematics · Compound Interest
Veer has Rs. 1404 with him. He divides this amount between his two sons, Nitin and Pravin, and asks them to invest their respective shares at a compound interest rate of 8% per annum, compounded annually. It is observed that Nitin's investment amounts to the same value after 19 years as Pravin's investment does after 20 years. How much (in Rs.) did Veer give to Pravin?
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675
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