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.