The principal amount for the rate of interest 10% p.a. time 3 years and compound interest earned is Rs.993.

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answer is A.

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Detailed Solution

Concept: We are informed that the number of years is 2, the interest rate is 10%, and the total compound interest is 993. The compound interest formula can be used to calculate the principal amount.
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From the provided information, we must determine the principal amount. We are informed that the interest is compound. Compound interest calculation method
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And in this case, n is the number of years, r is the interest rate, and P is the principal amount. C.I. stands for compound interest.
C.I = 993 n = 3 r = 10
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Hence, the correct answer is option 1.

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