One man deposits in bank some amount of money for his 3 sons aged 14yrs,12yrs ,10yrs in such a way that they will get same amount of money at 5% interest rate when they all become 18yrs age.How much money the man deposited in bank for each of them.
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Answer:
3÷5×100=60×(365days×8)
60× 2920=$175200
the money deposit is $175200.
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