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Discussion

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

Answer: D

Principal = [4913 / (1 + 25/(4 * 100))⊃3;] 

= 4913 * 16/17 * 16/17 * 16/17 = Rs. 4096.

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