Question

If the Separate interest is 6% per year, how much money will it need you to get 1,040 after 5 years?

Answer 1

Answer:

Assume principal money= x;

rate of SI= 6%;

time=5 years;

Interest=( x*6*5)/100;

by problem,

x+30x/100=1040

x=800;

The required money= Rs 800