Question

Find the sum of money that amount 992 in 4years at 1%

Answer 1

Explanation:

`Solution,\\Amount(A)=992\\Time(T)=4 years\\Rate(R)=1percent\\As,\\\\A=P+I\\\\992=P+(PTR)/(100) \\\\992=P+(P*4*1)/(100) \\\\992=(100P+4P)/(100) \\\\99200=104P\\\\P=(99200)/(104) \\\\P=953.84`

Answer 2

Answer: A=992 P=100/124=800

Step-by-step explanation: Let the sum be 100

Interest =P*R*T/100 = * 4*6/100=24

amount =P+I

100+24

when A =124 P=100

When A=992 P=100/124=800