a certain sum amounts to 5 832 in 2 years at 8% compound interest find the sum
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Answer:
5000/-
Step-by-step explanation:
A=p(1+r/100)^n
=5832=P(1+8/100)^2
=5832=p(108/100)^2
=5832=p * 11664/10000
=p=5832 * 10000/11664
P= 5000/-
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