Find the sum of money which when invested for 4 years at 5% per annum yields an amount of 540.
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Step-by-step explanation:
a=p(1+r/100)^t
540=p(1+5/100)^4
540=p×(21/20)^4
540×(20/21)^4=p
p=540×160000/194481=444.26
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