Question

Find the sum of money that amounts to 992 in 4 years at per annum.

Answer 1

Let the sum be 100

Interest= P*R*T /100 = 100 *4*6/100= 24

amount =P +I

100 + 24

When A = 124 P = 100

When A = 992 P =100/124=800

Answer 2

Explanation:

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