chhoiyu11
contestada

Sangita has deposited rs 1,00,000 in a commercial bank for 2 years at the rate of rs 5 interest per annum for rs 100. The ages of her elder daughter and younger daughter are 12 years and 8 years respectively. If sangita divided her 1,00,000 to her daughters based on the ratio of their ages, how much more money will the elder daughter get than the younger daughter?

Respuesta :

zjones56

Answer:

The elder daughter will receive rs 21,000 more than the younger daughter.

Step-by-step explanation:

Calculate the total amount of interest Sangita will earn in 2 years: 5% of 100,000 = 5,000

Determine the total amount Sangita will have after 2 years:

100,000 + 5,000 = 105,000

Calculate the total ratio of the daughters' ages:

12 + 8 = 20

Calculate the elder daughter's share:

(12/20) x 105,00 = 63,000

Calculate the younger daughter's share:

(8/20) x 105,000 = 42,000

Find the difference in the amounts the daughters receive:

63,000 - 42,000 = 21,000

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