Question

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

Answer 1

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

Answer 2

Answer:

Step-by-step explanation:

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