Question

Mr. Jordan plans to leave the total of his savings to his four children. If they all are to receive the same amount of inheritance and the total savings that he has is $501,052.40, how much will each of them receive?

Answer 1

Answer:

$125,263.10

Step-by-step explanation:

In order to calculate the total amount that each one of the children will receive we simply need to divide Mr. Jordan's total savings by the total amount of children that he has. This will evenly divide his savings to the children so that each one has the exact same amount.

501,052.40 / 4 = 125,263.10

Therefore, each of the four children will receive a grand total of $125,263.10