Find the amount that will be handed over to the minor boy after he attains the age of 18 years :

A boy aged 12 years is left with Rs.100,000 which is under a trust. The trustees invest the money at 6% per annum and pay the minor boy a sum of Rs.2500, for his pocket money at the end of each year. The expenses of trust come out to be Rs.500 per annum. Find the amount that will be handed over to the minor boy after he attains the age of 18 years.

  1. Rs. 125000
  2. Rs. 120000
  3. Rs.118000
  4. Rs. 150000
     
Anurag Mishra Professor Asked on 10th December 2015 in Maths.
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    Answer:  (3) Rs. 118000

    Anurag Mishra Professor Answered on 10th December 2015.
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