The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?
Rs. 3096
Rs. 4076
Rs. 4085
Rs. 4096
Explanation:
According to the formula,
Principal = [4913 / (1 + 25/ (4 $\times$ 100))3].
=> 4913 $\times$ 16/17 $\times$ 16/17 $\times$ 16/17 = Rs. 4096.