Find the sum that will amount to: 4235 in 6 years at 9% per year.
Answers
Answered by
11
Considering that you will give money on Simple interest on 9% per annum.
Simple formula amount formula,
A=P +SI
AMOUNT COMES out to 7000(one time investment) provided interest rate remains constant.
I don't how you will get 9% simple interest. IF you 9% interest in normal cases is extremly good.
Case 2) Compound interest
A =P +(1+r/100)^n
9520=x +(1+9/100)^4
6744.160=x
You will get compund interest in PFF, some specials loans, and in some investments.
9520 is very small amount so I would recommend to earn some and then give money. Even if it is a bank, a bank like kotak 10k as minimum amount as deposit.
So wait and earn more.
Invest in bitcoins and stocks after
Simple formula amount formula,
A=P +SI
AMOUNT COMES out to 7000(one time investment) provided interest rate remains constant.
I don't how you will get 9% simple interest. IF you 9% interest in normal cases is extremly good.
Case 2) Compound interest
A =P +(1+r/100)^n
9520=x +(1+9/100)^4
6744.160=x
You will get compund interest in PFF, some specials loans, and in some investments.
9520 is very small amount so I would recommend to earn some and then give money. Even if it is a bank, a bank like kotak 10k as minimum amount as deposit.
So wait and earn more.
Invest in bitcoins and stocks after
Answered by
39
A =4235
T =6 YEARS
R =9%
For P,
SI=PRT/100
=P×9×6/100
=0.54P
A=P+SI
4232=P+0.54P
4232=1.54 P
4232/1.54=P
THEREFORE,
P=Rs. 2750
T =6 YEARS
R =9%
For P,
SI=PRT/100
=P×9×6/100
=0.54P
A=P+SI
4232=P+0.54P
4232=1.54 P
4232/1.54=P
THEREFORE,
P=Rs. 2750
Similar questions