Question

what sum of money will amount to rs.1472 in 3 years at 5% per annum?

Answer 1

Let the sum be P
SI=PRT/100
=P×5×3/100
=3P/20
A=P+SI
=P+(3P/20)
=23P/20
Therefore 1472=23P/20
P=1472×20/23
=64×20
=Rs. 1280