Question

find the sum of money that amount to rs 5850 in six years at the rate of 5%per annum​

Answer 1

Simple interest or compound interest??
SIMPLE INTEREST
5850=x+x*6*5/100
5850=1.3x
x=4500
COMPOUND INTEREST
5850=x(1+(5/100))^6
5850= 1.34009564062x
x=4365

Answer 2

Answer:

Considering the interest to be simple interest

Step-by-step explanation:

$amt = 5850 \\ rate = 5\% \\ let \: the \: principal \: be \: x \\ amt = principal + interest \\ therefore \\ interest = 5850 - x \\ \\ i = \frac{p \times r \times t}{100} \\ 5850 - x = \frac{x \times5 \times 6 }{100}$

solve the equation further to get the answer