Any sum invested for 3.5 years at 12% annual interest becomes Rs. 994 at maturity. What was the principal amount invested?

Any sum invested for 3.5 years at 12% annual interest becomes Rs. 994

1.	Any sum invested for 3.5 years at 12% annual interest becomes Rs. 994 at maturity. What was the principal amount invested?
A.	Rs. 700
B.	Rs. 750
C.	Rs. 725
D.	Rs. 720
Answer» B. Rs. 750

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Any sum invested for 3.5 years at 12% annual interest becomes Rs. 994 at maturity. What was the principal amount invested?

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