Question

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 1

Answer:

d

23750

1st you have to know that what is 5%50000=2500

50000-2500÷2=23750