Question

What sum of money amount to Rs 6000 in two years at the rate of 10% per annum find it​

Answer 1

Answer: Rs 5000 sum of money amount to Rs 6000 in two years at the rate of 10% per annum.​

Explanation:

Amount = Rs 6000

T = 2 year

R = 10%

So

I = A-P

so

I = PTR/100

or, A-P = (P*2*10)/100

or, 6000-P = 20P/100

or, 600000-100P = 20P

or, 600000 = 120P

or, P = 600000/120

so, P = Rs 5000