Question

find the sum of money that amounts to 5850 in six years at 5per cent per annum​ please answer this quick

Answer 1

Answer:

4500

Step-by-step explanation:

Let the principal amount be Rs y

Rate=5%

Time=6 years

Simple interest= PRT/100

                         = x*5*6/100

                         = 3x/10

Sum of money= Rs 5850

We know that sum of money= Simple interest+Principal

5850=x+3x/10

5850=13x/10

5850*10=13x

58500=13x

x=4500