The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?
The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?
Answer/Solution
Rs. 4096
Steps/Work
Principal = [4913 / (1 + 25/(4 * 100))3]
= 4913 * 16/17 * 16/17 * 16/17 = Rs. 4096.
ANSWER:D
= 4913 * 16/17 * 16/17 * 16/17 = Rs. 4096.
ANSWER:D