Answer: D
Let the principal amount \((p) = x\) rupees
Time \((t) = 5\) years
Rate of interest \((r) = 3\% \)
∴ Interest \((I) = \cfrac{ptr}{100} \)
\( = \cfrac{x × 5 × 3}{100} \) rupees \( = \cfrac{3x}{20} \) rupees
\( ∴ x + \cfrac{3x}{20} = 966 \)
Or, \( \cfrac{23x}{20} = 966 \)
Or, \( x = \cfrac{966 × 20}{23} \)
Or, \( x = 840 \)
Let the principal amount \((p) = x\) rupees
Time \((t) = 5\) years
Rate of interest \((r) = 3\% \)
∴ Interest \((I) = \cfrac{ptr}{100} \)
\( = \cfrac{x × 5 × 3}{100} \) rupees \( = \cfrac{3x}{20} \) rupees
\( ∴ x + \cfrac{3x}{20} = 966 \)
Or, \( \cfrac{23x}{20} = 966 \)
Or, \( x = \cfrac{966 × 20}{23} \)
Or, \( x = 840 \)