Question:
A sum of Rs. 18,750 is left by will by a father to be divided between 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 allotted at present to each son.
A sum of Rs. 18,750 is left by will by a father to be divided between 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 allotted at present to each son.
Updated On: Oct 24, 2024
- Rs. 9,500, Rs. 9,250
- Rs. 8,000, Rs. 1,750
- Rs. 9,000, Rs. 9,750
- None of these
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The Correct Option is C
Solution and Explanation
The correct option is (C): Rs. 9,000, Rs. 9,750
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