A sum of money invested at 8percent per annum amount to ₹12122 in 2 years
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Given,
Amount [a]:- Rs 12122
Rate[r] :- 8% per annum
Time[t] :- 2 years
To find p,
A=p[1+r/100]^{n}
Rs 12122=p[1+8/100]^{2}
12122=p[100+8/100]^{2}
12122=p[108/100]^{2}
12122=p[27/25]^{2}
12122=p*27/25*27/25
12122=p*1.1664
12122/1.1664=p
Rs 10392.661=p
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