Mathematics · Compound Interest
Aravind left a sum of Rs. 46,200 for his two sons whose ages are 15 and 16 years. They must get equal amounts when they reach 18 years of age, at 10% per annum compound interest. Find the present share of the younger son (in Rs.).
- 124,000
- 222,000✓
- 321,000
- 423,000
Correct answer
22,000
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