A sum amounts to rs.8640 in three years at 20% p.A compound interest . Find the sum
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A = P(1+i)^n
8640= P(1+0.2)^3
8640 = P(1.2)^3
8640 =P (1.728)
P = 8640/1.728
P = 5000
8640= P(1+0.2)^3
8640 = P(1.2)^3
8640 =P (1.728)
P = 8640/1.728
P = 5000
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