a sum of money becomes Rs.900 in 4 years at 5% on simple interest.Find the sum
Answers
Answered by
8
Answer:
The sum of money is 750 rs.
Step-by-step explanation:
Given:
P=sum of money
A=900Rs.
R=5%
T=4 years
A=P+I
A-P=I
900-P=(PxRxT)/100
900-P=(Px5x4)/100
900-P=P/5
5(900-P)=P
4500-5P=P
4500=5P+P
4500=6P
750=P
Answered by
7
Given:
Sum = 900
Time = 4 years
Rate = 5%
Explanation:
Principal = sum of money
Now using the formula for calculating amount
A= P + I
A - P = I
900 -P = (P x R x T)/100
900-P = (P x 5 x 4)/100
900 - P = (P/5)
5(900-P) = P
(4500 - 5P) = P
4500 = (5P + P)
4500 = 6P
750 = P
Sum is Rs. 750.
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