# A sum was lent at 20%p.a compound interest, the interest being compounded annually. Rs.1200 was paid back after 1 year. After another year Rs. 1440 was repaid to clear the loan. Find the sum lent. Option 1) Rs.5000Option 2) Rs.6000 Option 3) Rs 2000 Option 4) Rs 4000 Option 5) Rs.8000

R = 20 % P.A

Paid back after 1st year = 1200

Paid back after year to clear the loan = 1440

Let, P =

Then =

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