Question

A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at an age of 120 years @ 33(1/3)% per annum compounded annually. Find the share of elder son?

A 56040
B 46080
C 14580
D 38070
E 36800
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