A bank gives compound interest on deposits at the rate of 5% for the first year, 6% for second year and 10% for the third year. If a deposit amounts to Rs. 12,243 at the end of third year, then the initial deposit (principal) was

1
Rs. 11,500
2
Rs. 10,000
3
Rs. 10,500
4
Rs. 11,000

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