Question

A father left a will of Rs.85,000 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 invested at 10%
p.a. SI, find how much the son of age 10 years
gets at the time of the will.​

Answer 1

Answer:

Rs. 182205.04885

Explanation:

Question: find how much the son of age 10 years

gets at the time of the will.​

Will that father left = Rs.85,000

two sons of age 10years and 12yrs.

Let the amount that the son of 10years will get be A

18 - 10 = 8 years, Time = 8 years

P = Rs.85,000

R = 10% p.a

T = 8 years

(t = whole raised to T)

A = P(1 + R/100)t

A = 85000(1 + 10/100)8

A = 85000(11/10)8

A = 85000 * 11/10 * 11/10 * 11/10 * 11/10 * 11/10 * 11/10 * 11/10 * 11/10

A = Rs. 182205.04885