Question

Jamoul has a life insurance policy of $150,000 that will be distributed to his 2 children and 1 grandson. If each child receives 3/8 of the policy, how much money does the grandson receive ?

Answer 1

3/8 + 3/8 = 6/8 The grandson will receive 2/8 or 25% of the 150k
so .25 * 150,000 = $37,500

Answer 2

First divide 3 by 8.

3/8=0.375

Then multiply it by 2 

0.375*2=0.75

Finally multiply it by 150,000

0.75*150,000=112,500

So the grandson receives $112,500.