A sum of money amounts to 5832 in 2 years at 8 % per annum compounded annually. Find the sum.
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let the p (principal) be x so
according to question :-
A = p(1+r/100)^n
5832 = p(1+8/100)^2
5832 = p(108/100)^2
5832 = p * 108 /100 *108/100
5832*10000/108*108 = p
5000 = p
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