Mathematics · Compound Interest
Akbar left a will of Rs. 44,100 to be divided between his two sons whose current ages are 14 and 15 years. The share must be divided such that they get equal amounts when they reach 17 years of age, computed at 10% per annum compound interest. Find the present share of the younger son (in Rs.).
- 121,750
- 220,500
- 321,500
- 421,000✓
Correct answer
21,000
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