Question

A sum when reckoned at 6% per annum amounts to rs. 4130 in 3 years find the sum

Answer 1

Here is your answer

A = Rs 4130
R = 6%
T = 3 years
P = ? Let it's P
As we know the formula
A = P(1+RT/100)
$4130 = p(1 + \frac{6 \times 3}{100} ) \\ 4130 = p(1 + \frac{18}{100} ) \\ 4130 = p( \frac{118}{100} ) \\ p = \frac{4130 \times 100}{118} \\ p = 3500$
Hope it helps you.