Question

what sum invested grows into amount of rs 8820 at 5 % compound interest in 2 years

Answer 1

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Answer 2

A=P(1+R/100)n        =>8820=P(1+5/100)2=>8820=P*105/100*105/100          =>(8820*100*4)/21*21 = P      =>3528000/441        =>rs 8000