The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is_________??
A. Rs. 3096
B. Rs. 4076
C. Rs. 4085
D. Rs. 4096
Explanation:
Principal = [4913 / (1 + 25/(4 * 100))3]
= 4913 * 16/17 * 16/17 * 16/17 = Rs. 4096.