Question

c) A farmer wants to divide rupee 390300 between his two daughters who are 16 year and 18 years
old respectively in such a way that the sum invested at the rate of 4% per annum, compounded
annually will give the same amount to each, when they attain the age of 21 years. How should he
divide the sum?
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Answer 1

Answer:

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. Find the sum alloted at present to each son. (a) Rs 9500, Rs 9250 (b) Rs 8000, Rs 1750 (c) Rs 9000, Rs 9750 (d) None of these

Step-by-step explanation:

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