Question

A sum of money amounts to 910 at 5% per year in
6 years. The principal will be-​

Answer 1

Answer:

Assuming that interest is simple, interest at 5% for 6 years shall be 30% of principal amount. So after 6 years the amount will become 100+30=130

If sum after 6 years is 130, principal sum is 100.

So  sum after 6 years is 910, principal sum would be =  

130

910

​  

×100=700 rupees.

Step-by-step explanation:

Answer 2

Step-by-step explanation:

Assuming that interest is simple, interest at 5% for 6 years shall be 30% of principal amount. So after 6 years the amount will become 100+30=130

If sum after 6 years is 130, principal sum is 100.

So sum after 6 years is 910, principal sum would be =

130/910×100=700 rupees.