Anurag and Ravi started a business with capitals of Rs. 2000 and Rs. 1600 respectively. After 8 months, Anurag added Rs. 400 more to his capital and t...
Question
Anurag and Ravi started a business with capitals of Rs. 2000 and Rs. 1600 respectively. After 8 months, Anurag added Rs. 400 more to his capital and then left the business after 10 months. At the end of one year, Ravi invested his profit in a scheme offering compound interest at 20% per annum. If after two years, Ravi receives a total amount of Rs. 6912 from this investment, what is the total profit earned by Anurag?