Question

29. Divide 13000 in two parts such that the amount of one for 1.5 years at 8% per annum compound
interest, compounded annually is the same as amount of the other for 2.5 years at compound interest at the same rate, compounded annually.
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Answer 1

29 is the

terest, compounded annually is the same as amount of the other for 2.5 years at compound interest at the same rate, compounded annually.

Answer 2

amount of one for 1.5 years at 8% per annum compound

interest, compounded annually is the same as amount of the other for 2.5 years