Varanasi deposited a certain sum of money in a bank for 2 years at 10% compound interest .The amount that he finally gets back is 10.890. what is sum of money that he deposited initially
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Let the sum be x
Then
A= x(1+ 10/100)²
10.890=x* 110/100 *110/100
10.890*100*100/110*110=x
0.9=x
X = 0.9
Hence the sum =x=0.9
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