Question

16. A man deposited * 8,000 @ 5% p.a. in the name of his two sons aged 15 and 12 years in such a
way that at their age of 18, both of them get equal amounts. What are the sums in each name?
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Answer 1

Answer:

4244.898 & 3755.102

Step-by-step explanation:

Let the sums be x and 8000-x.

Then, the son of 15 years will get amount after 3 years.

And the son of 12 years will get amount after 6 years.

According to the question

{x+(x*5*3/100)}=[8000-x+{(8000-x)*5*6/100}

={x+15x/100}=[8000-x+240000-30x/100}

=100x+15x/100=100(8000-x)+240000-30x/100

=115x/100=800000-100x+240000-30x/100

=115x=1040000-130x

=115x+130x=1040000

=245x=1040000

=x=1040000/245=4244.898

= 8000-x=3755.102

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