Question

What sum of money will amount to rs 992 at 4% in 6 years?

Answer 1

Answer:

Step-by-step explanation:

Let the sum of money be rs.x

Amount= Rs. 992

S. I. =( p*r*t) /100

V =6/25x

Amount= x+6/25x

992 = 31/25x

x= Rs. 800

Hence, the sum of money be 800

Answer 2

The sum of money will amount to rs 992 at 4% in 6 years is Rs.783.99

Step-by-step explanation:

Let the principal be x

Amount = Rs.992

Rate of interest = 4% = 0.04

Time = 6 years

Formula :$A=P(1+r)^t$

$992=P(1+0.04)^6$

$\frac{992}{(1+0.04)^6}=P$

783.99=P

Hence The sum of money will amount to rs 992 at 4% in 6 years is Rs.783.99

#Learn more:

At what rate of simple interest a sum of money amounts rs. 928 after 4 years and Rs 992 after 6 years

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