Question

What sum of money amounts RS.3250 in 6 yrs at the rate of 5%?

Answer 1

Step-by-step explanation:

$a = p(1 + it) \\ 3250 = p(1 + \frac{5}{100} \times 6) \\ \frac{3250}{p } = (1 + \frac{30}{100} ) \\ \frac{3250}{p} = \frac{130}{100 } \\ 130p = 325000 \\ p = \frac{325000}{130} \\ p = 2500$