What sum invested for 2 years at 12% compounded annually will grow to Rs. 4390.40..... Options: A . &nbsp4000 B . &nbsp3875 C . &nbsp3800 D . &nbsp3500 E . &nbspNone of these

What sum invested for 2 years at 12% compounded annually will grow to Rs. 4390.

Question

What sum invested for 2 years at 12% compounded annually will grow to Rs. 4390.40.....

Answer: Option D
- P (1+ R ) T = Amount 100 P (1+ 12 ) 2 = 4390.40 100 P ( 112 ) 2 = 4390.40 100 P = 43904000 = 3500. 112 x 112

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