A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs. 2,522. Find the Principal?
A. Rs. 12,522
B. Rs. 15,200
C. Rs. 16,000
D. Rs. 17,200
Answer:C
A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs. 2,522. Find the Principal?
A. Rs. 12,522 B. Rs. 15,200 C. Rs. 16,000 D. Rs. 17,200