Question

Johnson left ₹ 1,00,000 with the direction that it should be divided in such a way that his minor sons Tom, Nick and Harry aged 9, 12 and 15 years should each receive equally after attaining the age of 25 years.The rate of interest being 3.5%, how much each son receive after getting 25 years old?​

Answer 1

Answer:

Step-by-step explanation:

Given : Johnson left 100000 with the direction that it should be divided in such a way that his minor sons tom, dic, harry aged 9,12,15 years should each receive equally after attaining the age 25 years. the rate of interest being 3.5%,

To find : how much each son receive after getting 25 years old

Solution:

Aged 9 , 12 & 15 Years

so one will get 16 year interest , one 13 year & one 10 Years

Amount of aged 9 years

Should be Such that after 3 Years interest it become = 12 years aged amount

and that amount after 3 years become aged 15 year amount

Hence

P  +   P(1 + 3.5/100)³  + P(1 + 3.5/100)⁶   =  100000

=> P =  29958.3

Amount each one get = P(1 + 3.5/100)¹⁶  =  51947.27

each son receive after getting 25 years old  = 51947.27

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