Question

What sum of money will amount to rs992 at 4% in 6 years ?​

Answer 1

Answer:

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Amount = Principal + Interest.

Amount 992 in 4 years.------------- (1)

Amount 1088 in 6 years. ------- (2)

Subtract 1 from 2,

Rs. 96 in 2 years. it is the interest for 2 years. So interest for 1 year = Rs. 48

So Interest for 4 years = 4 × 48 = Rs. 192.

Therefore Amount = Principal + Interest.

992 = Principal + 192.

Principal = 992 – 192 = 768

I = PRN / 100

192 = 768 × R × 4/100

R = 192 × 100/768 = 25%

Answer 2

Answer:

Step-by-step explanation:

P= ₹992

R= 4%

T= 6yrs

SI= PRT/100

=992*4*2/100

=79.36

A=P+SI

=992+79.36

1071.36