Question
A certain sum when invested at compound interest
(compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approximate sum investedSolution
ATQ, Let the sum invested be Rs. P. ATQ, 
Or, P+4879.2 = 1.3605P Or, 4879.2 = 1.3605P ā P Or, 0.3605P = 4879.2 
Ā 13,534.553Ā or ~ 13,535
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