Question

what sum of money will amount of 13986 in 5 years at the rate of 8% per annum rate of interest

Answer 1

Principal = P

Rate=8%

Time=5 years

Amount=13986

SI=P*R*T/100

P*8*5/100

⇒$\frac{4P}{10}$

Amount=Principal+SI

13986 = P + $\frac{4P}{10}$

13986=$\frac{14P}{10}$

P=13986*10/14

⇒9990

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