A sum fetched a total simple interest of ₹ 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum? · ABC26GN4019

Subject: General Aptitude · Chapter: Simple Interest

A sum fetched a total simple interest of ₹ 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

(a)₹ 4462.50

(b)₹ 8032.50

(c)₹ 8900

(d)₹ 8925

(e)None of these

Answer

Answer (as printed): D

Explanation

Principal $=₹\left(\frac{100 \times 4016.25}{9 \times 5}\right)=₹\left(\frac{401625}{45}\right)=₹ 8925$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Simple Interest