A certain sum amounts to ₹ 5,832 in 2 years at 8% per

A certain sum amounts to ₹ 5,832 in 2 years at 8% per annum compound interest, the sum is

Here , P = ? , A = ₹ 5,832 , R = 8%, T = 2 years
Using the given formula ,

A = P		1 +	R		^T
			100

5832 = P		1 +	8		²
			100

⇒ 5832 = P		1 +	2		²
			25

⇒ 5832 = P ×	27	×	27
	25		25

⇒ P =	5832 × 25 × 25	= ₹ 5000
	27 × 27