Question

find the sum of money that amounts to RS 8250 in 5years at the interest rate of 7.5% per annum​

Answer 1

Amount=P(1+R/100)^5

8250 =P(1+7.5/100)^5

8250 =P(1.075)^5

8250 =P×1.43

8250×100=P×143

825000=P×143

825000/143=P

5769.23=P