Question

If a sum of money increased by 1/5 of itself every year and in 5 years amounts to Rs. 8546, find the sum?

Answer 1

Answer:

Rs. 1434.33

Step-by-step explanation:

Let the sum of money be x.

Then, in a year the sum of money becomes

=x+x/5=6x/5

Then, in 5 year the sum of money becomes=

6x/5×5= 6x

According to the question

6x=8546

Or,x=8546/6=1434.33

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