ABC26GN4165 · Compound Interest
Subject: General Aptitude · Chapter: Compound Interest · Exam: 2005 · Marks: · Difficulty:
The principal that amounts to ₹ 4913 in 3 years at $6 \frac{1}{4} \%$ per annum compound interest compounded annually, is
(a)₹ 3096
(b)₹ 4076
(c)₹ 4085
(d)₹ 4096
Answer
Explanation
Principal $=₹\left[\frac{4913}{\left(1+\frac{25}{4 \times 100}\right)^{3}}\right]$ $$=₹\left(4913 \times \frac{16}{17} \times \frac{16}{17} \times \frac{16}{17}\right)=₹ 4096 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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