Rs 1,00,000 is kept for a boy of 12 years undera trust. Trustee invests the money at 6% per annum and minor boy is given 2500 as pocket money at the end of each year, expenses of trust is Rs 500 per year. What amount will given to the boy when he attain the age of 18 yrs.

Options

A. Rs, 120000
B. Rs, 150000
C. Rs, 118000
D. Rs, 125000

Answer

C