A sum amounts to Rs.8820 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal? Choose the correct option:	A) s.4000	B) s.5000	C) s.4500	D) s.4800	E) s.8000
CI=8820,R=5,N=2   CI=P[1+R/100]^2   =P[1+5/100]^2   8820=P[21/20]^2   8820[20/21]^2   8000   ANSWs.8000R:s.8000
<result>E</result>
A sum amounts to Rs.8820 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?