Question
A certain sum amounts to Rs.5,832 in 2 years at 8% per annum compound interest, the sum is
Answer: Option B
Answer: (b)Using Rule 1,5832 = P$(1 + 8/100)^2$5832 = P$(1 + 2/25)^2$5832 = P $× 27/25 × 27/25$P = ${5832 × 25 × 25}/{27 × 27}$ = Rs.5000
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Answer: (b)Using Rule 1,5832 = P$(1 + 8/100)^2$5832 = P$(1 + 2/25)^2$5832 = P $× 27/25 × 27/25$P = ${5832 × 25 × 25}/{27 × 27}$ = Rs.5000
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