find the sum of that amount to
5850 in six year at 5% per annum
Answers
Answered by
1
Principal=Rs5850
Time=6year
Rate=5%
Interest=?
Now,,
Interest=P*T*R/100
=5850*6*5/100
=1755
again
total amount=P+I
=5850+1755
=7605
Time=6year
Rate=5%
Interest=?
Now,,
Interest=P*T*R/100
=5850*6*5/100
=1755
again
total amount=P+I
=5850+1755
=7605
Answered by
8
Find the interest for 1 year:
Interest = 5% x Rs 5850
Interest = 0.05 x 5850
Interest = Rs 292.50
Find the interest for 6 years:
1 year = Rs 292.50
6 years = 292.50 x 6 = Rs 1755
Find the sum after 6 years:
Total sum = 5850 + 1755 = Rs 7605
Answer: The total sum is Rs 7605
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ALTERNATIVE METHOD: Find by using formula:
interest = PRT/100
interest = (5850 x 5 x 6) / 100
interest = Rs 1755
Total sum = 5850 + 1755 = Rs 7605
Answer: The total sum is Rs 7605
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