Mathematics · Compound Interest
Aravind left a sum of Rs. 46,200 to be divided between his two sons aged 15 and 16 years. The share of each son is invested at 10% per annum compound interest, compounded annually, such that they receive equal amounts when they attain the age of 18 years. Find the present share of the younger son.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 21,000
- 2Rs. 22,000✓
- 3Rs. 23,000
- 4Rs. 24,000
Correct answer
Rs. 22,000
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