Kirk Davey
04/08/2024 · Middle School
12. A sum of money becomes Rs. 2916 in 2 years at \( 8 \% \) p.a. compound interest (compounded anmu- aily). The sum of money is: \( \begin{array}{lll}\text { 1) Rs. } 2,000 & \text { 2) Rs. } 2,500 & \text { 3) Rs. } 3,000 \\ \text { 4) Rs. } 3,500 & \text { 5) Rs. } 4,000 & \end{array} \)
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The sum of money is approximately Rs. 2,500.
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