Question

A sum of money amounts to take 6690 after 3 years and to 10,035 after six year

Answer 1

Let the sum be Rs.P.then

P(1+R/100)^3=6690…(i) and P(1+R/100)^6=10035…(ii)

On dividing,we get (1+R/100)^3=10025/6690=3/2.

Substituting this value in (i),we get:

P*(3/2)=6690 or P=(6690*2/3)=4460

Hence,the sum is rs.4460.