Question

Mrs. Welloff has just passed away, she has a $1,000,000 life insurance policy and her beneficiaries are her son and 3 grandchildren. She will leave 50% of her estate to her son and the other 50% to her three grandchildren equally. How much money will they each receive?

Son_______________
Grandchild #1_______________ Grandchild #2_______________ Grandchild #3_______________

Answer 1

Explanation:

1/2 of 1,000,000 is 500,000

the son will get 500,000$

now 500,000 divided by 3(since it's 3 grandkids) is

166666.66, because it's money, and you have to round to the nearest cent.

one will get 166666.67, but it doesn't matter who.

so

grand #1 = 166666.66$

grand #2 = 166666.66$

grand #3 = 166666.67$