Question
A sum of Rs. 25600 is divided
between 'Meera' and 'Nisha' in the ratio 9:7. If 'Nisha' invests her share in a scheme offering compound interest (compounded annually) of 12% p.a., what will the sum amount to in 2 years?Solution
ATQ, Amount received by 'Nisha' = 25600 × 7/16 = Rs.11200 So, total amount received by 'Nisha' after 2 years = 
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