A father left a will of rs. 68000 to be divided between his two sons aged 10 years and 12 years such that they may get equal amount when each attains the age of 18 years. If the money is reckoned at 10% per annum, find how much younger and elder son get at the time of the will respectively?
Answers
Answer:
Elder will get Rs.36040
Younger will get Rs.36760
Step-by-step explanation:
Total Amount of will = rs.68000
Age of one son = 10 years
age of other son = 12 years
When each attains the age 18 they get the equal share of the will
Money reckoned at 10%
How much younger and elder get = ?
Solution:
First we will find money reckoned = 10 % of 68000
=Rs. 680
Now first son will get share after 6 years
Money reckoned after 6 years would be = 6 * 680
=Rs. 4080
Total money become after 6 years = 68000 + 4080
=Rs. 72080
Now Elder son will get = 72080 / 2
= Rs. 36040
Money left = Rs. 36040
Reckon on it = 10 % of 36040
=Rs . 360
After 2 years it would become = Rs. 720
Money Younger son will get = 36040 + 720
=Rs 36760