Question

find the sum of money that amount to rupees 5850 in its year at 5% per annum​

Answer 1

$\bf{\large{Answer:-}}$

Let the sum of money = P

Given that Amount (A) = 5850

Time (T) = 6 years

Rate (R) = 5%

Interest (I) = PTR/100 = P×6×5/100 = 0.3P

We know that Amount = Principal + interest

=> 5850 = P + 0.3P

=> 5850 = 1.3P

=> P = 5850/1.3

=> P = 4500

Hence the sum of money is ₹4500