Tim inherited 25% more money from his father than his sister, Jane. He wants to give her some fraction of his money so that both of them end up with exactly the same amount of inheritance.
What percentage of his money should Tim give to Jane?
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Messy InheritanceTim inherited 25% more money from his father than his sister, Jane. He wants to give her some fraction of his money so that both of them end up with exactly the same amount of inheritance. What percentage of his money should Tim give to Jane? 2 guesses to Messy Inheritance |
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10%
10% is correct, Geoff!
Let’s say that Jane inherited 8 million dollars. That would mean that Tim(who received 25% more) would have gotten 10 million. If he gives 10% of his amount, they would both end up with nine million. It works no matter what numbers you start with.
You’re today’s winner.