Joseph deposited a total of Rs.52,500 in a bank in the names of his two daughters aged 15 years and 16 years in such a w…
Q1
Joseph deposited a total of Rs.52,500 in a bank in the names of his two daughters aged 15 years and 16 years in such a way that they would get equal amounts when they become 18 years old. If the bank gives 10% compound interest compounded annually, then what is the amount (in ₹) that Joseph had deposited in the name of his younger daughter?
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