Sum of money amounts to Rs 453690 in 2 years at 6.5% per annum compounded annually. Find the sum.

Explanation

Amount=`453690`
Rate=`6.5%`
Time=`2` years
`=>A=P(1+R/100)^n`
`=>P=A/(1+R/100)^n`
`=>453690/(1+13/200)^2`
`=>453690/(200/213)^2`
`=>453690xx200xx200/213xx213`
=`400000`
Sum=Rs `400000`