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Question

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

Options:
A .  4000
B .  3875
C .  3800
D .  3500
E .  None of these
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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