Question

A sum of money amounted to 31200 rupees at 4% per annum in 5 years. Find the original sum

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Answer 1

Answer:

P = 26,000

Step-by-step explanation:

P = ?

A = 31,200

R = 4%

T = 5

A = p(1 + it)

31,200 = p(1 + 20/100)

31,200 = p(120/100)

120p = 31,200 × 100

120p = 31,20,000

P = 31,20,000/120

P = 26,000