Answer:
Each grandchild will get $18,461.54.
Each child will get $36,923.08
There will be a difference of $0.02
Explanation:
Let g = The money that each grandchild will get
Let c = The money that each child will get.
4c + 5g = 240,000
c = 2g Substitute 2g into the first equation for c
4c + 5g = 240,000
4(2g) + 5g = 240,000
8g + 5g = 240,000
13g = 240,000
g = 18,461.54 Rounded to the nearest penny. Each grandchild will get 18,461.54
c = 2g
c = 2(18,461.54) = 36,923.08
Check:
4(36923.08) + 5(18461.54) = 147692.32 + 92307.70 = 240,000.02