Multiple choice

At 10% C.I. p.a, a sum of money accumulates to Rs. 8650 in 5 years. The sum invested initially is

  1. Rs. 5976.37

  2. Rs. 5970

  3. Rs. 5975

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Using compound interest formula A = P(1 + r/100)^t: 8650 = P(1.1)^5. Since (1.1)^5 = 1.61051, P = 8650/1.61051 ≈ 5372.29. This exact value is not listed among options A, B, or C.

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