what sum will become ₹5408 after 2 years at 4% per annum.when the interest is compunded annuly.
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Step-by-step explanation:
A=P(1+r)
t
5408=P(1+0.04)
2
5408=P(1.04)
2
1.0816
5408
=P
So P=5000 Rs.
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