Question

what sum will amount to rs 14000 in 5 years at 10/3% simple interest?

Answer 1

Answer:

Step-by-step explanation:

P = ?

n = 5

r = 10/3 %

A = 14000

Simple interest, i = Pnr/100

                          = P*5*10/(3*100)

                          = P/6

P+i = A

⇒P + P/6 = 14000

⇒(6P+P)/6 = 14000

⇒7P/6 = 14000

⇒P = 14000 * 6 / 7

  = 2000*6

  = 12000 Ans