Question 1025967: A amount of 1200000 is invested in a estate for 3years at simple interest rate of 12.5 per annum by three brothers. after 3years maturity value will be divide among the three brother at a ratio of their age 24 year old,36 years old and 60 years old.
Answer by mananth(16946)   (Show Source):
You can put this solution on YOUR website! A amount of 1200000 is invested in a estate for 3years at simple interest rate of 12.5 per annum by three brothers. after 3years maturity value will be divide among the three brother at a ratio of their age 24 year old,36 years old and 60 years old.
P=1200000
r=12.5% = 0.125
years 5
Interest = 120000*0.125*3
= 45000
1,200,000 + 45,000=1,245,000
Sum of ages = 24+36+60=120
Brother I
24/120 =1/5
1/5 * 1245000= 249,000
Brother II
36/120 = 3/10
3/10 * 1245000 = 373500
Brother III
60/120 =1/2
1/2 * 1245000 = 622500
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