Question

find the sum

of money
that amounts to
= 5850 in six years at 5% per annum​

Answer 1

Given :

amount = 5850

rate = 5%

time = 6 years

principal = ?

solution :

let the principal be x

amount = principle + SI

SI = P * R * T/ 100

now put the value

5850 = x + P * R * T /100

5850 = x + x * 5 * 6 / 100

5850 = x + 30x / 100

5850 = 100x + 30x / 100 ( solve by using LCM)

5850 * 100 = 130x

130x = 585000

x = 585000/ 130

x = 4500

so the sum of money is 4500

hope it's help