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Arithmetic Aptitude :: Simple Interest

10. A sum at simple interest at 13 1/2% per annum amounts to RS 2502.50 after 4 years. Find the sum.

Answer: Option C

Explanation :

Lets assume sum = x.
S.I. = (x * 27/2 * 4 * 1/100) = 27x/50
Therefore, amount = (x + 27x/50) = 77x/50
=> 77x/50 = 2502.50 or x = 2502.50 * 50 / 77 = 1625
So, sum = Rs. 1625

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