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Question

A sum of money invested at compound interest amounts to Rs 4624 in 2 years and to Rs 4913 in 3 years. The sum of money is________

A
Rs 4360
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B
Rs 4260
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C
Rs 4335
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D
Rs 4096
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Solution

The correct option is D Rs 4096
Let x be the sum of money be x
S.I. on Rs. 4624 for 1 year = Rs. (49134624)= Rs. 289.
Rate =100×2894624×1%=614%
Now, x(1+254×100)2=4624 or x×1716×1716=4624
x=(4624×1617×1617)
x= Rs. 4096
Thus, the sum of money is Rs. 4096.

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