[Rs. 4096] The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?

For Competitive Exams

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:

Principal = [4913 / (1 + 25/(4 $\times$ 100))3]

= 4913 $\times$ 16/17 $\times$ 16/17 $\times$ 16/17 = Rs. 4096.

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