A sum amounts to Rs.3969 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?
Select.
A) s.3600 B) s.5000 C) s.4500 D) s.4800 E) s.5800
CI=3969,R=5,N=2   CI=P[1+R/100]^2   =P[1+5/100]^2   3969=P[21/20]^2   3969[20/21]^2   3600   s.3600NSWER:s.3600
<result>A</result>
A sum amounts to Rs.3969 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?