Question

find the sum if a sum amounts to Rs 2652 in 6 years at 5 % p.a . simple interest

Answer 1

Dear friend,

Let the sum be x
Then,

P = x
R = 5% p.a.
T = 6 yrs
A = Rs. 2652
SI = x - 2652

Then,

$p = \frac{si \times 100}{rt}$

$x = \frac{(x - 2652) \times 100}{5 \times 6}$

$3x = 10(x - 2652)$

$3x = 10x - 26520$

$26520 = 10x - 3x$

$7x = 26520$

$x = \frac{26520}{7}$

$x = 3788.57$

Hope it helps !!!