A person gifted Rs. 2500 to his two children aged 10 years and 15 years respectively with the condition that the sum should be divided in such a way that the two children got the same amount when they reached the age of 30 years. Assuming that the rate of compound interest charged is 5% p.a., what is the value of gift received by each child?
Use the Compound Interest Formula
Given
Substitute
The children aged 10 years receives Rs.1098.28 and the children aged 15 years receives Rs.1401.72.
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