Question

What sum is to be invested for 2 years at 14 percent interest rate compounded anually to grow to Rs.5458.32

A)4120
B)3300
C)4200
D)4400​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

the sum is 4200

Step-by-step explanation:

the sum after 2 years is 5458.32

So the sum after 1 year is 4780/114*100=4788

the sum before investing is 4788/114*100=4200

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