Question

Find the sum of money that amounts to 26 000 in 5 years at the interest rate of 6% per annum.
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Answer 1

Answer:

18000

Step-by-step explanation:

it is the answer of this sum

Answer 2

Principle amount = 26,000

Interest rate = 6% per annum

Time period = 5 years

So, interest rate for 5 years = 6 x 5 = 30%

To find the sum of money, its so easy now. First, find 30% of 26000.

= 30% of 26000

= 7,800

Then add that amount to principle amount.

= 26000 + 7800

= 33,800

Therefore, sum of the amount = 33,800

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