What sum of money will amount to Rs 45582.25 at  per annum in two years, interest being compounded annually?

Explanation

To solve the problem of finding the principal amount that will amount to Rs 45,582.25 at an interest rate of 27.54% per annum compounded annually over 2 years, we can follow these steps:

### Step 1: Understand the formula for compound interest
The formula for the amount \( A \) in compound interest is given by:
\[ A = P \left(1 + \frac{R}{100}\right)^n \]
where:
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