The difference between compound interest and the simple interest on some amount of money lend at a rate of 7% p. a. for 3 years is Rs. 800. What is the approx. principal amount?

The difference between compound interest and the simple interest on some amount of money lend at a rate of 7% p. a. for 3 years is Rs. 800. What is the approx. principal amount?

1). Rs. 53181
2). Rs. 55790
3). Rs. 54784
4). Rs. 51786

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