A sum amounts to Rs.4851 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?
Choices
A) s.4000  B) s.5000  C) s.4400  D) s.4800  E) s.5800
s.4400I=4851,R=5,N=2   s.4400I=P[1+R/100]^2   =P[1+5/100]^2   4851=P[21/20]^2   4851[20/21]^2   4400   ANSWER:s.4400
<result>C</result>
A sum amounts to Rs.4851 in 2 years at the rate of 5% p.a. If interest was compounded yearly then what was the principal?