A sum of Rs 2000 becomes Rs 3645 in 2 years at a certain rate of compound interest. What will be the sum (in Rs) after 4 years?
Principal amount = Rs. 2000
Amount after 2 years = Rs. 3645
Amount under compound interest = $$P(1+\frac{R}{100})^T$$
=> $$2000(1+\frac{r}{100})^2=3645$$
=> $$(1+\frac{r}{100})^2=\frac{3645}{2000}=1.8225$$
Squaring both sides, => $$(1+\frac{r}{100})^4=3.32150625$$ ----------------(i)
$$\therefore$$ Sum after 4 years = $$P(1+\frac{r}{100})^4$$
Substituting value from equation (i), we get :
= $$2000\times3.32150625=Rs.$$ $$6643.0125$$
=> Ans - (B)
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