Question
'The sums of money owned by 'Ajay' and 'Vijay' are in the ratio of 7:5, respectively. 'Ajay' invested his amount for 5 years at a simple interest rate of 24% per annum, and he received an interest of Rs. 3360. Now, if 'Vijay' decides to invest his amount for 2 years at a compound interest rate of 50% per annum, compounded annually, what will be the total amount 'Vijay' receives after the investment period?'
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