Question

What sum amounts to 1044 in 4 years, at the rate of interest of 4% per annum?​

Answer 1

Since we have given that

Principal = Rs. 1044

Number of years = 4

Rate of interest = 4%

We need to find the interest :

So, it becomes,

$\begin{gathered}Interest=\dfrac{P\times R\times T}{100}\\\\1044=\dfrac{P\times 4\times 4}{100}\\\\P=\dfrac{1044\times 100}{16}=Rs.\ 6525\end{gathered}$

Hence, Rs. 6525 amounts to Rs. 1044 in 4 years.

Answer 2

Answer:

Rs. 6525 amounts to Rs. 1044 in 4 years.

Step-by-step explanation:

Since we have given that

Principal = Rs. 1044

Number of years = 4

Rate of interest = 4%

We need to find the interest :

So, it becomes,

Hence, Rs. 6525 amounts to Rs. 1044 in 4 years.