A sum amounts to Rs.4410 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?
Select:
A) Rs.4000
B) Rs.5000
C) Rs.4500
D) Rs.4800
E) Rs.5800
CI=4410,R=5,N=2   CI=P[1+R/100]^2   =P[1+5/100]^2   4410=P[21/20]^2   4410[20/21]^2   4000   Rs.4000NSWER:Rs.4000
<result>A</result>
A sum amounts to Rs.4410 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?