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​

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Ella 9 months 2021-08-12T08:02:24+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-08-12T08:03:50+00:00

    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.

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