Question

Find the sum of money that amounts to rupees 8250 in 5years at the interest rate of 7.5 per annum
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Answer 1

Answer:

Amount (A)= rs 8250

time= 5yrs

rate=7.5%p.a

principal= ?

so,

s.i=p*r*t/100

= p*7.5*5/100=3p/8=0.375

Now,

we know that

A=p+I

8250=p+0.375p

8250=1.375p

p=8250/1.375

p=6000

hence,the p.value is 6000