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Help with my sums
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Direct questions and answers, this room is not for general discussion please
Direct questions and answers, this room is not for general discussion please
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- Lemon Quarter
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Help with my sums
Arithmetic has never been my strong point, and having spent far too long trying to work this out I'm sure there's a simple way of doing it that I'm not aware of.
Mt problem is that I have an estate, with the following beneficiaries - A and B 25% each, C 20%, D, E and F 10%.
So far, so good, even I can deal with that!
But I've just been informed that E has dropped off their perch, and the Will says that in that event the others take according to their share.
In my naivety I thought I'd just have to add 10% to each of the others, but for some reason that doesn't quite work out - near, but not exact.
Is there a simple way of doing this?
TIA.
Mt problem is that I have an estate, with the following beneficiaries - A and B 25% each, C 20%, D, E and F 10%.
So far, so good, even I can deal with that!
But I've just been informed that E has dropped off their perch, and the Will says that in that event the others take according to their share.
In my naivety I thought I'd just have to add 10% to each of the others, but for some reason that doesn't quite work out - near, but not exact.
Is there a simple way of doing this?
TIA.
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- Lemon Quarter
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Re: Help with my sums
Not really. You need to add a 9th rather than a 10th. That is a bit of a nuisance because it recurs. (I don't know the unicode for recurring)
27.777777777777777 27 7/9
27.777777777777777 27 7/9
11.111111111111111 11 1/9
22.222222222222222 22 2/9
11.111111111111111 11 1/9
= 98 + 18/9
27.777777777777777 27 7/9
27.777777777777777 27 7/9
11.111111111111111 11 1/9
22.222222222222222 22 2/9
11.111111111111111 11 1/9
= 98 + 18/9
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- Lemon Quarter
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Re: Help with my sums
I would say A and B get 25/90ths of the total
C gets 20/90ths
D and E get 10/90ths
--kiloran
edit: which I think is the same as johnhemming's response
C gets 20/90ths
D and E get 10/90ths
--kiloran
edit: which I think is the same as johnhemming's response
Last edited by kiloran on November 23rd, 2020, 3:07 pm, edited 1 time in total.
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- Lemon Quarter
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Re: Help with my sums
Clitheroekid wrote:Arithmetic has never been my strong point, and having spent far too long trying to work this out I'm sure there's a simple way of doing it that I'm not aware of.
Mt problem is that I have an estate, with the following beneficiaries - A and B 25% each, C 20%, D, E and F 10%.
So far, so good, even I can deal with that!
But I've just been informed that E has dropped off their perch, and the Will says that in that event the others take according to their share.
In my naivety I thought I'd just have to add 10% to each of the others, but for some reason that doesn't quite work out - near, but not exact.
Is there a simple way of doing this?
TIA.
E had 10% so the others were sharing the remaining 90%. E's portion was therefore 1/9th the size of the other beneficiaries' total (you can check this if not convinced.) So you have to raise the survivors' shares by 1/9th each (=11.111%) not 1/10th.
GS
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- Lemon Quarter
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- 2 Lemon pips
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Re: Help with my sums
Clitheroekid wrote:Thanks to all - problem duly solved!
Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.
How’d he solve it?
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- The full Lemon
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Re: Help with my sums
ChrisNix wrote:Clitheroekid wrote:Thanks to all - problem duly solved!
Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.
How’d he solve it?
Since shooting one horse would not solve it I suppose he lends a horse so that there 12 horses. One beneficiary gets 3 horses, another 4 horses and He takes back the horse he lent and gives the third beneficiary 4 horses.
Dod
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- Lemon Half
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Re: Help with my sums
Dod101 wrote:ChrisNix wrote:Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.
How’d he solve it?
Since shooting one horse would not solve it I suppose he lends a horse so that there 12 horses. One beneficiary gets 3 horses, another 4 horses and He takes back the horse he lent and gives the third beneficiary 4 horses.
Then signs the third beneficiary as a client, to sue for the rest of their inheritance.
Scott.
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Re: Help with my sums
Dod101 wrote:ChrisNix wrote:Clitheroekid wrote:Thanks to all - problem duly solved!
Reminds me of the old Western attorney confronted with an estate of 11 horses. Under will one sibling was to get a quarter, another a third, and the last the remainder.
How’d he solve it?
Since shooting one horse would not solve it I suppose he lends a horse so that there 12 horses. One beneficiary gets 3 horses, another 4 horses and He takes back the horse he lent and gives the third beneficiary 4 horses.
Dod
Very good! He puts his horse in the field with the others, gives out the quarter and third, takes his horse out and hands over his bill.
Chris
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