Question

Comparing Quantities
What sum will become at ruppes1416 at 9 1/2% per annum after 5 year​

Answer 1

Rs.1416 at 9.5%/year for 5 years

S. I=p*r*t/100

=>1416*95*5/100*10

=671.65

Simple Interest=Rs.671.65

But if you start with Rs.x,then you will get x+interest=1416

Each Rs. will get interest=0.095*5=0.475

so, 1.475x=1416

x=1416/1.475

x=960