An investment at.. the rate of 18% pa,compounded annually, amounted to – InterviewSolution

1.	An investment at.. the rate of 18% pa,compounded annually, amounted to Rs 4177.20in 2 years. What was the sum invested?
Answer» n=2 yearsA=P(1+R/100)(1+R/100)4177.2=P(1+18/100)(1+18/100) =P(1.18)(1.18)So P=4177.2/1.3924=3000

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