A father wants to divide 18750
between his two sons. One is
12 years old and other is 14
years old. Father wants that at
the rate of 5% his both sons will
get the same amount at the
age of 18. Find the sum that
should be allotted to elder son:
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A sum of Rs 18750 is left by a will by a father to be divided between the two sons, 12 and 14 years of age, so that when they attain maturity at 18, the amount (principal + interest) received by each at 5 per cent simple interest will be the same.
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