How much sum will amount to Rs.1440 in 5 years at 4% yearly.

Question

Anonymous

Asked: December 22, 20212021-12-22T14:00:23+05:30 2021-12-22T14:00:23+05:30Category: Number Puzzles

Please login to vote and see the results.

Answer this question & earn 50 points

or use

Don't have an account?

Mighty Ashish · Answer 1 · 2021-12-22T14:00:45+05:30

Explanation:

Let the Principal be Rs.100

N = 5years, R = 4%

I=100×5×4\100=Rs.20

Amount = Rs.100 + 20 = Rs.120

If the amount is Rs.120, then the Principal is 100.

If the amount is Rs.1440, then the principal is

1440×100\120 = Rs.1200.