A certain sum amounted to Rs. 5,750 in 2.5 years at 6% p.a. Find after how many more years it will amount to Rs. 6,200
Answers
Answer:
1 year 3 months
Step-by-step explanation:
s.i = p x r x t / 100 , t = s.i. x 100 / pr
s.i = 6200 - 5750 = rs. 450
t = 450 / 6 x 100 / 5750 = 1 year 3 months
The answer is 4 years
Given: A certain sum amounted to 5,750 at R = 6% per annum for 2.5 years
To find: For how many years the amount will be 6,200
Solution: Let us assume that the principal amount P = P
From data on amount P, at Rate 6% per annum for 2.5 years = 5,750 Rs
Now calculate interest on P, at R = 6% for T = 2.5 years
As we know interest
⇒ interest on P,
And total amount = P + 0.15P = 1.15 P
From given data 1.15 P = 5,750 Rs
⇒ P =
Therefore, the certain amount P = 5000
Now find for how many years 5000 will be 6,200 at R = 6%
Let after T years the amount will 6,200
Now total amount on 5000 at Rate of 6% for T years
interest, = 300T
and the total amount = 5000+300T which is equal to 6,200
⇒ 5000+300T = 6,200
⇒ 300T = 6200 - 5000
⇒ 300T = 1200
⇒ 3T = 12
⇒ T = 4 years
Therefore, for 4 years the amount will be 6,200 Rs
#SPJ2