Question

What sum of money invested at 4% p.a. simple interest will
amount to 62000 in 6 years?​

Answer 1

Answer:

This is your answer...

Step-by-step explanation:

(P) is the sum of money invested that is equal to 50,000.

Answer 2

Answer:

Let the sum of money be x

A/Q

Amount=Principal+simple interest

62000 =x+[(x×4×6)÷100]

62000=x+(24x÷100)

62000=124x/100

62000×100=124x

x=6200000÷124

Hence,x=50000rs.

So,the answer is rs.50000

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