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A certain sum of amounts to Rs. 5832 in 2 years at 8% per annum compound interest, the sum is = ?

a) Rs. 5000
b) Rs. 5200
c) Rs. 5280
d) Rs. 5400

Answer: a
Explanation: $${\text{Rate 8% = }}\frac{2}{{25}}$$
Principal       Amount
25 27
25 27
625 729
↓ × 8 ↓ × 8
5000 5832
Required sum = Rs. 5000

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