Divide Rs. 16400 into two parts such that if they are invested at 5% per annum compound interest, the amount of the first part after 2 years is equal to the amount of the second part after 3 years. Find the first part.
Options:
- A: Rs. 8000
- B: Rs. 8200
- C: Rs. 8400
- D: Rs. 8600
Related Practice Questions:
- A sum of ₹4000 is invested at compound interest for 2 years at a rate of 10% per annum. What will be the total amount at the end of 2 years?
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- The difference between the compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is ₹25. Find the sum.
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