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