A invests a sum for two years, he received 5% interest for 1st year and 8% interest for 2nd year and interest is being compounded annually. The amount received after 2 year is Rs.24948. Find the sum?

24000 26000 22000 20000

22000

Total C.I. for 2 years = 50 + 80 + 4 = 134 Amount of 2 years = 1134 ATQ, 1134R = 24948 1R = 22 Principal = 1000R = 1000 × 22 = Rs.22000/-