The principal amount that becomes rs. 4913 in 3 years at interest rate of 25/4% per annum when interest is compounded annually is:
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p(1+1/16)^3 = 4913
p(17/16)^3 = 4913
p = 4913 ÷ (17/16)^3
p = 4096
Principal Amount is ₹4096
p(17/16)^3 = 4913
p = 4913 ÷ (17/16)^3
p = 4096
Principal Amount is ₹4096
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