Question

17. What sum of money will amount = 900 in 4
year at 5% ? And ask him simple form
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Answer 1

Answer:

Let the sum of money be Rs y

So Amount = y +[( y x 5 x 4 )/100]

But Amount = Rs 900

⇒ 900 = y +(20y)/100

⇒ 900 = 6y / 5

⇒ y = ( 900 x 5) /6

= Rs 750