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A sum of X 8448 is to be divided between...

A sum of X 8448 is to be divided between A and B who are respectively 18 and 19 yr old, in such a way that if they shares be invested at 6.25% per annum at compound interest, they will receive equal amounts on attaining the age 21 yr. The present share of A is

A

? 4225

B

? 4352

C

X 4096

D

X 4000

Text Solution

Verified by Experts

The correct Answer is:
C
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