There are 7 heirs to an estate to get 1/3 each and property is selling for \$80,000.00.

How much will each heir get?

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## 1 Answer

One third of \$80,000 is \$26,666.67 to the nearest cent, so a seventh of this is 26666.67=\$3,809.52 approximately. But if this share were to be given to each, the total amount shared would be \$26,666.64, 3 cents short of \$26,666.67. 3 cents can’t be divided between 7 people. Also the original \$80,000 can’t be exactly divided into three. If \$79,999.92 is shared instead of \$80,000 (8 cents short), then the money does divide equally. \$79,999.92/3=\$26,666.64 and \$26,666.64/7=\$3,809.52.

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