find the sum of money amount to 5860 in 6 years at 5 percent per anum Question find the sum of money amount to 5860 in 6 years at 5 percent per anum in progress 0 Math Ella 9 months 2021-08-12T08:02:24+00:00 2021-08-12T08:02:24+00:00 1 Answer 0 views 0

## Answers ( )

Answer:According to the problem,

Let sum be P

R=6%

Time=Tyears

S.I=

100

P×6×T

S.I=Rs960

100

P×6×T

=960

P×T=16000—————-(1)

Now For sum

Sum=RsP,R=6%,T=5years

S.I=

100

P×6×(T+5)

=2160

100

P×6×T

+

100

P×6×5

=2160

100

16000×6

+

100

P×30

=2160

100

P×30

=2160−960

100

P×30

=1200

P=

30

1200×100

=Rs.4000

Therefore the Sum is Rs, 4000.