Question

Rs 5000 amount to Rs 6000 in 8yrs. What will rs 1000 amount to in 5 yrs at the rate at the same rate p.a

Answer 1

Answer:

1125

Step-by-step explanation:

First case-

Principal- Rs. 5000.

Amount- Rs. 6000.

No. of years- 8 years.

Interest= Amount- Principle

= 6000-5000= 1000

Rate of interest= Interest×100/Principal×No. of years.

1000×100/5000×8

= 5/2%p.a.

= 2.5%p.a.