Rs. 1.50 lakh settled on a trust for the benefit of Akash and Bina for life. They share the income in proportion of 3:2.Their ages on valuation date are 20 years and 16 years. The average annual income for the last three years on the valuation date is Rs. 15,000/-.

Rs. 1.50 lakh settled on a trust for the benefit of Akash and Bina for life. They share the income in proportion of 3:2.Their ages on valuation date are 20 years and 16 years. The average annual income for the last three years on the valuation date is Rs. 15,000/-.

Find out the value of life interest of Akash and Bina if the value of life interest of Re 1/- at the age of 20 years is 12.273 and at the age of 16 years is 12.534.
A . Akash Rs. 1,10,457/- Bina Rs. 75,204/­
B . Akash Rs. 89,241/- Bina Rs. 60,759/­
C . Akash Rs. 1,10,457/- Bina Rs. 60,759/­
D . Akash Rs. 60,759/- Bina Rs. 75,204/­

View Answer

Answer: B