Question

A man wants to invest Rs.1,34,470 in bank account of his two sons whose ages are 12 years and 16 years in such a way so that they will get equal amount at an age 21 years at the rate of 20% per annum compounded annually. find the share of younger brother.​

Answer 1

Answer:

Explanation:

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

Hope it helps you

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Answer 2

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

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