Question

2. Find the sum of money that amounts to 5,850 in six years at 5% per annum​

Answer 1

Answer:

4,500

Step-by-step explanation:

Amount = 5850

Rate = 5%

Time = 6 yr.

So, let's find p without SI

=>Amount = p + SI

=>5850 = p + p × r × t /100

=>5850 = p + p × 5 × 6 /100

=>5850 = p + 3/10

=>5850 = 13p /10

=>P = 5850 ÷ 13/10

=> 5850 × 10 / 13

=> P = 4500

hope it helps :)