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?

Quiz

Answer/Solution

Rs. 4096

Steps/Work

Principal = [4913 / (1 + 25/(4 * 100))3]
= 4913 * 16/17 * 16/17 * 16/17 = Rs. 4096.
ANSWER:D

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

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