what sum will become rs 1416 at 9 5%per annum after 5 years - Maths - Comparing Quantities

Question

what sum will become rs 1416 at 9 5%per annum after 5 years

Manbar Singh · Accepted Answer

Let P be the principal
Rate, R = 9 5% p
aTime, T = 5 yrsAmount, A = Rs 1416SI = PRT100⇒A - P = PRT100⇒1416 - P = P × 9
5 × 5100⇒1416 - P = P × 95 × 51000⇒1416 - P = 0
475P⇒1 475P = 1416⇒P = 14161
475 = Rs 960

what sum will become rs.1416 at 9.5%per annum after 5 years