THE JUNIOR CLERK'S PUZZLE.
(
Money Puzzles)
Two youths, bearing the pleasant names of Moggs and Snoggs, were
employed as junior clerks by a merchant in Mincing Lane. They were both
engaged at the same salary--that is, commencing at the rate of L50 a
year, payable half-yearly. Moggs had a yearly rise of L10, and Snoggs
was offered the same, only he asked, for reasons that do not concern our
puzzle, that he might take his rise at L2, 10s. half-yearly, to which
his employer (not, perhaps, unnaturally!) had no objection.
Now we come to the real point of the puzzle. Moggs put regularly into
the Post Office Savings Bank a certain proportion of his salary, while
Snoggs saved twice as great a proportion of his, and at the end of five
years they had together saved L268, 15s. How much had each saved? The
question of interest can be ignored.
Answer:
