The compound interest earned in 2 years at 12% per annum is rs 10176.What is the sum (in rs) invested? a) 25000 b) 40000 c) 35000 d) 24000.
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Let the sum invested = Rs P
P[(1+12100)2−1]=10176
=>P[(2825)2−1]=10176
=>P[784−625625]=10176
=>P[159]=10176×625
=>P=64×625
=>P=Rs 40,000/−
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