Mathematics · Compound Interest
Dravid left a total sum of Rs. 50,400 to be divided between his two sons aged 17 and 18 years. Their shares are invested at 10% per annum compound interest such that they receive equal amounts when they both turn 20 years old. Find the present share of the younger son.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 23,000
- 2Rs. 26,000
- 3Rs. 24,000✓
- 4Rs. 25,000
Correct answer
Rs. 24,000
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