Question

what sum of money will amount to rs 2832 at 9 1/2 percent p.a. in 5 years

Answer 1

SI = P x R x T/100

SI = X x 19 x 5/100 x 2

SI = 19x/40

A = X + 19x/40 = (40x + 19x)/40 = 59x/40

A = 2832

59x/40 = 2832

59x = 2832 x 40

X = 2832 x 40 /59

X = 1920