Mohit borrowed a certain sum at 5% per annum compound interest and cleared this loan by paying Rs.12,600 at the end of the first year and Rs.17,640 at the end of the second year. Find the sum borrowed.

Mohit borrowed a certain sum at 5% per annum compound interest and cle

1.	Mohit borrowed a certain sum at 5% per annum compound interest and cleared this loan by paying Rs.12,600 at the end of the first year and Rs.17,640 at the end of the second year. Find the sum borrowed.
Answer» Mohit borrowed a certain sum at $5 %$ per annum compound interest and cleared this loan by paying $R s .12, 600$ at the end of the first year and $R s . 17, 640$ at the end of the second year. Find the sum borrowed.