Question

A person distributes Rs. 42050 to his two sons aged 10 years and 12 years. They invest their money at 5% per annum compound interest. The amount will be equal when they will be 20 years old. Find the share of the sons.

Answer 1

Answer:

A person has left an amount of Rs. 120000 to be divided between his two sons ages 14 yr and 12 yr such that they get equal amounts when each attains 18 yr of age. If the amounts gets a simple interest of 5% per annum,the younger son's share at percent is