A sum of money deposited at 2% per annum compounded annually becomes Rs. 10404 at the end of 2 years. Find the sum deposited.
Given,
Rate of interest = 2% p.a
Time = 2 years
Amount = Rs.10404
Let principal = Rs. P
So,
A = 
= 
= 
= 
Hence,
Principal = Rs.10000
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