You have just won the lottery and decide to invest the money

MATHEMATICS · Subjective · CBSE · Mathematics · Fractions in Disguise · Fractions in Disguise

Problem

You have just won the lottery and decide to invest the money. Your accountant advises you to deposit your winnings in an account that pays 6.5%6.5\% p.a., compounded annually. After four years, your winnings have grown to $102,917.31\$102{,}917.31. How much did you win in the lottery?

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