A certain sum amounts to rupee 1296 in 4 years at 20% per annum compound interest, compounded annually. calculate the sum
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1296 = P(1+20/100)^4
1296 = P(6/5)^4
1296 = 1296/625P
P = 625
1296+625 = 1921
1296 = P(6/5)^4
1296 = 1296/625P
P = 625
1296+625 = 1921
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