Question

A sum of money invested at 14% per annum amounted to rs10400 in 5 years. calculate the principle. what will it amount to in 8 years at the same rate of interest.

spammers will be reported .

(Answer is -rs 6117.65 , rs12969.42 )
needed step by step explanation. ​

Answer 1

Answer: rs 6117.65, rs1269.42

Step-by-step explanation:We have the formula for Amount in simple interest,

A=P(1+rt)

Given, A=10400, t=5, r=14%=0.14

∴10400=P(1+5(0.14))

10400=P(1+0.7)=P(1.7)

P=  

1.7

10400

​

=6117.647.6

Principal amount is Rs. 6117.65