A man gave 50% of his savings of 84,100 to his wife and di vided the remaining sum among his two sons A and B of 15 and 13 years of age respectively. He divided it in such a way that each of his sons, when they attain the age of 18 years, would receive the same amount at 5% com pound interest per a…

Question

A man gave 50% of his savings of 84,100 to his wife and di vided the remaining sum among his two sons A and B of 15 and 13 years of age respectively. He divided it in such a way that each of his sons, when they attain the age of 18 years, would receive the same amount at 5% com pound interest per annum. The share of B was

Goski Chinna · Answer

let share of A be x then share of B will be 42050-x
x(1.05)^3 = (42050-x)*(1.05)^2
solving we get
x=22050
so share of B=42050-22050=20000

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