Question

(iv) 75,400
3 years
76,21
2. Find the sum of money that amounts to 7 5,850 in six years at 5% per annum.​

Answer 1

Answer:

58,346.15

Step-by-step explanation:

since; A = P+I

= P+ PRT/100

SO;

75850= P+P*6*5/100

= P+P* 30/100

= P+P* 3/10

= 10P+3P/10

= 13P/100

= 1.3P

therefore;

P= 75850/1.3

= 58,346.153= 58,346.15 (approx)