Question

16. A sum of 44,200 is divided between John
and Smith, 12 years and 14 years old
respectively, in such a way that if their
portions be invested at 10 percent per annum
compound interest, they will receive equal
amounts on reaching 16 years of age.
(1) What is the share of each out of
* 44,200 ?
(i) What will each receive, when 16 years
old 2​

Answer 1

Answer:

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