Question

7. In what time will 5000 amounts to 6000 at 5% p.a.?
{Hint: Here, P= 5000, A=6000. Therefore I=1000
IX100
Use T= and get the required time.
PXR​

Answer 1

Answer:

According to question,

P = 5000, I = 9000-5000 = 4000, and T = 5

therefore R = (I * 100)/P*T = (4000 * 100)/5000*5 = 16%

Now,

P = 600, I =900-600 = 300 , R = 16%

T = (I * 100)/P*R = (300 *100)/600*16 = 3.125 year

Answer 2

Step-by-step explanation:

P×R×T/100 = S.I

5000 × 5 × T/100 = 1000

250 × T = 1000

T = 1000/250

T = 4 years

So the time required for amounting 5000 to 6000 at 5%p.a is 4 years.

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