Question

A father deposited a total amount of Rs 50000 for the sons of 12 years and 14 years of age, when they are 18 years old, then they get the same amount. If the rate of simple interest is 5%, then tell the amount of the elder son.​

Answer 1

Answer:

A father deposits a total sum of Rs. 50,000 at 5% simple

interest per annum in the names of his two sons in such

a way that at the age of 18 years both of them get equal

amount. If their present ages be 12 years and 14 years

respectively, what is the present sum in the name of the

younger son?

(a) Rs. 22,000

(b) Rs. 23,350

(c) Rs. 24,000

(d) Rs. 23,800

Answer 2

Step-by-step explanation:

Let,

Father deposited Rs x for elder son.

Rate of interest for each=5% p.a.

Time after which Elder son will get the amount =18-14=4 years

Total Amount deposited =Rs 50,000

By the condition,

x + (x×5×4)/100 = 50,000

x+ x/5 = 50,000

6x/5 = 50,000

x= (50,000×5)/6=41,666.66

Hope it will help you...