Anand needs 3,00,000 and Bharat needs 5,00,000 at the end of 10 years and 15
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Question:
Anand needs ₹ 3,00,000 and Bharat needs ₹ 5,00,000 at the end of 10 years and 15 years respectively. They decided to invest in a bank that pays 10% interest per annum.
How much should each of them invest every year from the beginning of this year (current year) to receive that amount, at the end? Who should invest more per year and by how much?
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