Find the sum of money which will amount to Rs.5031 in 4 years at 7.25 percent per annum
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Answer:
A=P(1+r/100)^n
5031=P(1+7.5/100)^4
5013=P(107.5/100)^4
Step-by-step explanation:
P=5013*107.5/100*107.5/100*107.5/100*107.5/100
P=3753.73705578
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