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mikedagr8
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Inheritance problem
« on: Aug 30th, 2007, 2:59am » |
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A father leaves his seven sons $14148167 as an inheritance, and the rest to charity. In his will he makes a proviso that everything must be given to charity if the sons cannot divide the money equally between them. So they can't give x dollars away and then divide up, it must all be divided equally as it is currently. Is there a way in which they can inherit?
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| « Last Edit: Aug 30th, 2007, 5:10am by mikedagr8 » |
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towr
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Re: Inheritance problem
« Reply #1 on: Aug 30th, 2007, 4:18am » |
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Convert it to gold, divide the gold equally?
Or redefine what "equally" means 
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mikedagr8
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Re: Inheritance problem
« Reply #2 on: Aug 30th, 2007, 4:24am » |
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Equally means that they all recieve the exact same amount of money. So not repeating decimals of a cent value. We want it so that there is none of that and everything is equal. Gold is not allowed as the inheritance came in $.
This is a real toughy I found.
Think laterally and be very open minded.
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| « Last Edit: Aug 30th, 2007, 4:27am by mikedagr8 » |
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pex
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Re: Inheritance problem
« Reply #3 on: Aug 30th, 2007, 4:29am » |
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Give $2021166 to each and cut the remaining bills so that each can get 5/7 of them?
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mikedagr8
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Re: Inheritance problem
« Reply #5 on: Aug 30th, 2007, 4:35am » |
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Nope, they all get an equal amount and no money is left as the remainder. Like when cutting up bills, becuase then there value is 0.
P.S. This is a really silly puzzle, I wouldn't be surprised if no one got it.
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| « Last Edit: Aug 30th, 2007, 5:11am by mikedagr8 » |
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pex
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Re: Inheritance problem
« Reply #6 on: Aug 30th, 2007, 4:37am » |
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on Aug 30th, 2007, 4:35am, mikedagr8 wrote:| This is a really silly ouzzle, I wouldn't be surprised if no one got it. |
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Okay... maybe some currency existed, or still exists, which is called a dollar and has 1/7 dollar coins, enough of which happened to be present in the inheritance?
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mikedagr8
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Re: Inheritance problem
« Reply #7 on: Aug 30th, 2007, 4:42am » |
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Nope. This is in a normal currency. So lets say American dollars.
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SMQ
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Re: Inheritance problem
« Reply #8 on: Aug 30th, 2007, 4:53am » |
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One of the brothers has an idea: he gets together with four of the others, and together they plot to murder the remaining two brothers. Now each of the surviving five brothers gets $2829633.40
Or
They hire an attorney to solve the problem for them. After some thought he charges $148,167 as a fee and splits the remaining $14,000,000 evenly among the brothers.
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towr
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Re: Inheritance problem
« Reply #9 on: Aug 30th, 2007, 5:01am » |
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co-ownership seems equal enough.
They can divide all but 15 dollars normally, and from the co-owned 15 dollar they buy a cake to celebrate their solution to the problem.
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mikedagr8
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Re: Inheritance problem
« Reply #10 on: Aug 30th, 2007, 5:04am » |
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No to all.
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towr
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Re: Inheritance problem
« Reply #11 on: Aug 30th, 2007, 5:10am » |
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Are there any daughters that should also get a share but sneakily went unmentioned?
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mikedagr8
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Re: Inheritance problem
« Reply #12 on: Aug 30th, 2007, 5:12am » |
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No daughters. Only seven benifactors. By normal currency I mean that once you solve the puzzle, you will see how it is normal. Until then Good Luck.
If will this puzzle continues for a few days with no correct answer, I will give some major clues.
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| « Last Edit: Aug 30th, 2007, 5:28am by mikedagr8 » |
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pex
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Re: Inheritance problem
« Reply #13 on: Aug 30th, 2007, 5:28am » |
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The sons set up a charity organization.
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SMQ
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Re: Inheritance problem
« Reply #14 on: Aug 30th, 2007, 5:34am » |
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Six of the brothers receive $1,286,197 in $1 bills, while the seventh brother receives $6,430,985 in $5 bills. Every brother has the same number of bills, and so the same "amount" of money.
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mikedagr8
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Re: Inheritance problem
« Reply #15 on: Aug 30th, 2007, 5:39am » |
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That's brilliant. But no, They also need to have the same value. I love that though. Kudos.
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Grimbal
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Re: Inheritance problem
« Reply #16 on: Aug 30th, 2007, 5:59am » |
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They pay 10% inheritance tax, or $1414817 (rounded).
The rest is split and everybody receives $1819050
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Aryabhatta
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Re: Inheritance problem
« Reply #17 on: Aug 30th, 2007, 1:47pm » |
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They go to the nearest foreign exchance bank and convert it some other suitable currency (say euro) and then split it up.
The cost of conversion, they split up equally from their share, after they get the amounts.
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| « Last Edit: Aug 30th, 2007, 1:47pm by Aryabhatta » |
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mikedagr8
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Re: Inheritance problem
« Reply #18 on: Aug 30th, 2007, 3:03pm » |
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Nope.
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srn437
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Re: Inheritance problem
« Reply #19 on: Aug 31st, 2007, 9:34pm » |
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They convert into foreign money, wait for the value to change, convert back to american money, and divide it.
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mikedagr8
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Re: Inheritance problem
« Reply #20 on: Sep 1st, 2007, 2:22am » |
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Not even close. One more day and I will help you all out.
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denis
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Re: Inheritance problem
« Reply #21 on: Sep 1st, 2007, 5:00am » |
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Just give them each a check for 202116 and 5/7 dollars.
On your standard checks you have two sections: the dollars then the /100 section for cents.
So you would have for example seven Dollars and 34/100 to represent 7.34
This 1/100 is the part that does not divide well and we need to change.
Since a check is a contract it can be written in any way. So what you do is cut them each a check for 202116 and 5/7 dollars. Furthermore, this check represents the exact value of the inheritance required so you are done. What the bank does when it deposits into each benefactor's account (round up or round down) does not really concern us because no US bank or currency in us dollars can actually split the inheritance exactly in 7 equal portions.
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| « Last Edit: Sep 1st, 2007, 5:05am by denis » |
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mikedagr8
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Re: Inheritance problem
« Reply #22 on: Sep 1st, 2007, 5:04am » |
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on Sep 1st, 2007, 5:00am, denis wrote:Just give them each a check for 202116 and 5/7 dollars.
On your standard checks you have two sections: the dollars then the /100 section for cents.
So you would have for example seven Dollars and 34/100 to represent 7.34
This 1/100 is the part that does not divide well and we need to change.
What you do is cut them each a check for 202116 and 5/7 dollars. Since a check is a contract it can be written in this way. Furthermore, this check represents the exact value of the inheritance required so you are done. What the bank does when it deposits into each benefactor's account (round up or round down) does not really concern us. |
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Yes, I was thinking that as well when I saw the puzzle, Although it is technically correct, the puzzle was not designed for that answer. Well done though.
Keep guessing everyone, the answer is still out there.
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srn437
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Re: Inheritance problem
« Reply #23 on: Sep 1st, 2007, 9:42am » |
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They fight to the death until enough people are dead that the living people can divide it evenly.
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Eigenray
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Re: Inheritance problem
« Reply #24 on: Sep 1st, 2007, 12:26pm » |
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One brother gets $2021171, and the other 6 each get $2021166 plus an IOU for the present value of $5/7. At some point in the future, the IOU will be worth an integral number of pennies, so they can settle their debts then (assuming they agree on the time value of money).
A similar solution is to open an interest bearing account and wait for the balance to be a multiple of 7 cents.
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