Question

what sum of money amounts to rupees 9600 in 5 years at the rate of 4%​

Answer 1

Answer -

Given :-

• Aomunt = Rs. 9600
• Time = 5 years
• Rate of interest = 4% p.a.

To Find :-

• Sum

Solution :-

We know that,

Simple interest = P × R × T / 100

Also,

Simple interest = Amount - P

Hence,

Amount - P = P × R × T / 100

Substituting the value in formula -

→ 9600 - P = P × 4 × 5 / 100

→ 9600 - P = P / 5

→ 5 ( 9600 - P ) = P

→ 48000 - 5P = P

→ 5P + P = 48000

→ 6P = 48000

→ P = 48000/6

→ P = 8000

Sum = Rs. 8000

Answer 2

ok so final answer is 9,984