The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?

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The principal that amounts to $ in years at / % per annum c. I. Compounded annually, is?

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Calculated Answer

4096

Step by Step Solution

In order to solve problem, you must evaluate n₀ / (n₂ + n₃ / n₄) / 100 + n₃^n₁.

• n₀ / (n₂ + n₃ / n₄) / 100 + n₃^n₁

• Evaluate n₃ / n₄ = 0.25

  n₀ / (n₂ + 0.25) / 100 + n₃^n₁

• Evaluate n₂ + 0.25 = 6.25

  n₀ / 6.25 / 100 + n₃^n₁

• Evaluate 6.25 / 100 = 0.0625

  n₀ / 0.0625 + n₃^n₁

• Evaluate 0.0625 + n₃ = 1.0625

  n₀ / 1.0625^n₁

• Evaluate 1.0625^n₁ = 1.199462890625

  n₀ / 1.199462890625

• Evaluate n₀ / 1.199462890625 = 4096

  4096
• The answer to the problem and the result of n₀ / (n₂ + n₃ / n₄) / 100 + n₃^n₁ is 4096