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Discussion :: Simple Interest

  1. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9% p.a. in 5 years. What is the sum?
    2. A.
    Rs. 4462.50
    B.
    Rs. 8032.50
    C.
    Rs. 8900
    D.
    Rs. 8925

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    Answer : Option D

    Explanation :

    Principal = (100 * 4016.25) / (9 * 5) = Rs. 8925.

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