Question

What sum of money will amount ₹900 in 4years at 5%pet annum?

Answer 1

Answer:

Amount = Rs. 900

Time = 4 years

Rate of interest = 5%

Formula used:

Amount = Principal + Interest

S.I = PRT/100

Calculation:

S.I = (P × 4 × 5)/100

⇒ P/5

Now, according to question

⇒ P + (P/5) = Rs. 900

⇒ 6P/5 = Rs. 900

⇒ P = Rs. 150 × 5

⇒ Rs. 750

∴ The sum is Rs. 750