Question

Father gave his two sons mohan(23) sohan(24) Rs. 51000 .they kept thet money for 4%interest ,they will get equal amount of money at age of 26 ys mohan will get

Answer 1

Answer:

Mohan will get Rs. 25000.

Step-by-step explanation:

Given data:

Mohan’s age = 23

Sohan’s age = 24

Rate of interest = 4%

Principal invested by each of them = Rs. 51000

To find: Amount received by Mohan after investment

Let Mohan receive “Rs. P1” and Sohan receive “Rs. P2” at present.

An equal amount to be received by both is at the age of 26 years so, Mohan will receive the final amount after (26-23=)3 years and Sohan will receive after (26-24=)2 years.

Using,

A = P(1 + $\frac{r}{100}$)ⁿ

Therefore,

P1 (1+ $\frac{4}{100}$)³ = P2 (1 + $\frac{4}{100}$)²

Or, P1 (1 + $\frac{1}{25}$)³ = P2 (1 + $\frac{1}{25}$)²

Or, P1 ($\frac{26}{25}$)³ = P2 ($\frac{26}{25}$)²

Or, P1/P2 = ($\frac{26}{25}$)⁻¹

Or, P1/P2 = $\frac{25}{26}$

The amount of Rs. 51000 will be divided among Mohan and Sohan in the ration of 25 : 26.

∴ Mohan’s share after 3 years = 51000 * $\frac{25}{25+26}$

                                                        = 51000 * $\frac{25}{51}$

                                                             = Rs. 25000

Answer 2

Answer:

Answer will be 2500 as per I know