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Q:
A) 17.5 lakhs | B) 21 lakhs |
C) 15 lakhs | D) 20 lakhs |
Answer: B) 21 lakhs
Explanation:
Explanation:
Let Rs.x be the amount that the elder daughter got at the time of the will. Therefore, the younger daughter got (3,500,000 - x).
The elder daughter’s money earns interest for (21 - 16) = 5 years @ 10% p.a simple interest.
The younger daughter’s money earns interest for (21 - 8.5) = 12.5 years @ 10% p.a simple interest.
As the sum of money that each of the daughters get when they are 21 is the same,
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