The principal that amounts to Rs.4913 in 3 years at 413 % per annum compound interest compounded annually is

Q: The principal that amounts to Rs.4913 in 3 years at 413 % per annum compound interest compounded annually is

principal = A = 4913 , T = 3 , R = 4 1 3 P = A 1 + R 100 T = Rs.4096

Rs.3096
Rs.4076
Rs.4085
Rs.4096

Correct Answer: Rs.4096

Explanation:

principal = $A = 4913, T = 3, R = 4 \frac{1}{3}$

$P = \frac{A}{\frac{1 + R}{100}} T$

= Rs.4096

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