Question

5200, R=5%p.a., T=6 years, P will be

Answer 1

Given : A = Rs 5200 ; R = 5 % ; T = 6 years

A = P ( 1 + (RT) / 100)

Let us consider P as x.

Therefore, after putting the values,

5200 = x ( 1 + (5 x 6) / 100)

5200 = x ( 1 + 30 / 100)

5200 = x (130 / 100)

5200 = 13x / 10

By cross-multipying,

52000 = 13x

Therefore , x or P = Rs 4000