A sum of money fetches ruprees `408` as compound interest at the rate of `4%` per annum at the end of two years. What is

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Q 1614180959.     A sum of money fetches ruprees `408` as compound interest at the rate of `4%` per annum at the end of two years. What is the sum?
IBPS-CLERK 2015 Mains 02/01/2016
A

`6000`

B

`5000`

C

`4000`

D

Data inadequate

E

None of these

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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