Solution:
Currently, if father's age is x and son's age is y,then given, x+2y=70 --- (1) 2x+y=95 --- (2)
Multiplying equation (1) with 2 we get, 2x+4y=140 --- (3)
Subtracting equation (2) from (3), we get 3y=45⇒y=15
Substituting y=15 in the equation (2), we get 2x+15= 95 ⇒x= 40
Hence, the father is 40 years old and the son is 15 years old
So, Option 2 is correct.